It’s going to be another tough summer for the teen job market this year.
Outplacement consultancy Challenger, Gray & Christmas Inc. projects little improvement from summer 2010 when the number of teen jobs increased by 960,000 from May through July, a 17.5 percent drop from 2009 and the lowest summer job growth since 1949.
The 3.3 million teens employed last July was the lowest since 1959, Challenger, Gray said in its annual teen employment outlook.
Despite the dismal forecast, parents can cling to the hope their kid’s job hunt will be successful.
America’s workers will spend more time than ever this year watching the NCAA men’s basketball championship thanks to wider online access to games, global outplacement consultancy Challenger, Gray & Christmas Inc. estimates.
Challenger says workers will spend 8.4 million hours online watching games on smart phones and other mobile devices during work hours. The financial impact of this lost productivity is more than $192 million, assuming private-sector workers’ average hourly pay of $22.87, Challenger says.
But before the bosses get all bent out of shape, give ’em these stats:
People looking for retail work during the holidays, will find prospects are the best they’ve been in years.
So says global outplacement firm Challenger, Gray & Christmas Inc.
Challenger says its analysis of Labor Department data shows that the holiday hiring season is off to its best start since 2006 and seasonal job growth should exceed 600,000 for the first time since 2007.
Fantasy football fans can breathe easier — their indulgence is NOT killing the
economy, says a survey released today.
Nearly 70 percent of the HR folks who responded to the survey said fantasy football had little to no impact on productivity even though many workers spend work-time managing their fantasy teams, according to global outplacement consultancy Challenger, Gray & Christmas Inc.