Friday, June 26, 2009

What is left for teens in troubled job market?

I don’t really think that teens had much concerns about their career before recession hit the nation’s economy. But today, it is a practical truth that jobs are not as prevalent and income comes from lot of struggle.

The recent numbers from The Bureau of Labor Statistics showed that there was a significant 41% decline in teens aged from16 to 19 in the labor force, during April 2009 compared to the .same month the previous year.

Many of the teens are looking for alternatives for their regular paying jobs with minimum wages. They include starting their own business, volunteering, helping family members, etc.

However, the present job market doesn’t seem to contain as many jobs as the teens had previous year. And they have certain competition from adults who lost their jobs recently in recession. This increased the jobless rate of teens from 15.4% in previous April to 21.5% in April – this year.