If you think your teenager is spending more time at home this summer, you aren’t wrong.
The summer job market for teenagers could be the worst in decades, global outplacement firm Challenger, Gray & Christmas reported this week.
“This could end up being the worst teen summer job market in employment records going back to 1948,” said CEO John A. Challenger. “With data now suggesting that consumers are pulling back on spending, it is unlikely that a late hiring surge will salvage the dismal summer job situation for the nation’s youngest workers.”
Teen employment so far this summer is up 503,000, a 38 percent drop from the 809,000 teen jobs added in May and June a year ago, according to Challenger, Gray.