![]() |
| Slowdown Puts Brakes on Teenage Jobs and Pay | |||||
| Subject | Comparative statics | ||||
| Topic | Labor markets | ||||
| Key Words | Slowdown, job search teenage unemployment, unemployment rates, part-time jobs, hours, pay, perks, conditions | ||||
| News Story |
The economic slowdown is hurting teenagers as well as seasoned workers. Teens typically look for summer jobs. Last year, they were greeted with signing bonuses, extra pay and perks. This year, in contrast, they are finding they must start their job search earlier, apply for more jobs, and consider self-employment options, such as babysitting. Teenage unemployment rates are expected to be 15 percent this year, up from 13 percent last year. The situation is being exacerbated by the slowdown resulting in less hiring of graduating college students. Those who cannot find work look for part-time jobs that teens might otherwise have obtained. Employers find that they have many more applications than usual and can
be choosier. Where teens can find a job, the hours may be less than desired,
the pay and perks may be less, and conditions may be worse, perhaps requiring
working at unsocial hours. (Updated September 1, 2001) |
||||
| Questions |
|
||||
| Source | Stephanie Armour, "Teens find job search tougher this summer," USA Today, June 22, 2001. | ||||
Return to the Labor markets
Index
©1998-2002 South-Western. All Rights Reserved webmaster
| DISCLAIMER