US Teen Summer Employment Hits Record Low Since 1948
US high school students face the weakest summer job market since 1948, with employers expected to hire only about 790,000 teenagers from May to July—the lowest level on record.
According to data cited by Fortune, the US summer job market for teenagers has deteriorated to its weakest level since 1948. Employers are expected to hire only about 790,000 teenagers during the May–July period, the lowest figure since record-keeping began.
The downturn is attributed to persistent inflation, elevated fuel costs, and a broad slowdown in hiring. Traditional seasonal employers—such as retailers, restaurants, and summer camps—have reduced their intake of teen workers.
Competition for the limited positions has intensified. Some employers report receiving hundreds of applications for a single opening, reflecting the severity of the contraction in teen employment opportunities.
Source: First Squawk