According to global outplacement firm Challenger, Gray & Christmas, businesses hired just over a million teenagers from May through July, a gain of more than 13% over the same period in 2010.
But CEO John Challenger says that’s nothing to cheer about. Last summer’s total of less than a million was the worst on record, and this summer’s numbers were the second-worst in nearly sixty years. Challenger says that could have long-term consequences.
“Teen employment’s so important because it gives young people some of the core career and working life skills they need: being on time, being reliable, getting along with the customer.”
Nationwide, teen hiring dropped by more than 50% in July from its June peak. Challenger blames the collapse on employer fears of a double-dip recession, due in part to the prolonged congressional fight over the debt ceiling.