Summer Teen Hiring Surges To Post-Recession High
by: Andrew Schneider, July 10, 2012 7:07:00 pm
The number of employed 16- to- 19-year olds grew by 858,000 in June. That’s up 22% from June of last year.
John Challenger is CEO of global outplacement firm Challenger, Gray & Christmas, which conducted the study.
“For the first two months of the summer, we’ve seen just over 1 million jobs [added]. That’s nearly we saw for the entire summer last year, and it’s ahead of what we saw for the entire summer in 2010. So we’re on pace to surpass the levels of teen job hiring that we’ve seen over the last four years.”
Barring a major spike in hiring this month, Challenger says it’s unlikely this year’s teen employment will reach pre-recession levels. Employers would have to add half a million teens to their payrolls in July to even match the more than 1.6 million summer jobs added in 2007.