Condiment: Five Faves: Apt2b.com's Mat Herman
Ashley Dupre, Former Eliot Spitzer Call Girl, Opens Lingerie Shop
Facing High Unemployment, Teens May Pursue Entrepreneurial Path
With teen unemployment at 29 percent, some are bypassing the mall and looking at babysitting, lawn mowing, and other independent jobs.
Posted 7/ 15 10 at 6:45 PM | News, Money, Management, Starting a Business, Home-based Business
Text Size:
A A A
With teen unemployment reaching 29 percent, this could be a good summer for high-schoolers to earn money through entrepreneurial pursuits like babysitting or lawn-care services, rather than finding a more traditional summer job with an established company.Teen unemployment rates reached 29 percent in June, according to a Bureau of Labor Statistics report released this month.
"Teen job seekers tend to gravitate toward retail outlets in the malls, movie theaters, restaurants, amusement parks, etc.," said John A. Challenger, CEO of Challenger, Gray & Christmas. "There are many of these establishments, so they should not be entirely disregarded, but young job seekers should also try to get off the beaten path."
The 29 percent non-seasonally adjusted unemployment rate for 16- to 19-year-olds is one of the highest rates since the 1950s, according to a May report published by the Chicago-based firm. June's non-seasonally adjusted unemployment rate for the population in general is at 9.6 percent. Seasonally adjusted, the overall unemployment rate is 9.5 percent.
More people of all age groups are looking for jobs this summer because of the overall population's high unemployment and the recession. Employment decreased by 125,000 jobs nationwide in June -- with about 225,000 temporary 2010 Census workers losing their jobs.
"Not only are [teens] competing with each other for available positions, but they are competing with recent college graduates and job seekers who have two or more years of on-the-job experience and are willing to take almost any position that provides a steady paycheck," Challenger said.
Teens entered the summer facing more competition for jobs as well. There were 466,000 fewer employed teens this April than April 2009, according to the Challenger report.
Getty Images
- JPMORGAN FIASCO: Why $2 Billion Is Just the Start - CNNMoney
- GET THAT JOB: Top 5 Interview Spending Splurges You Should Make - FOXBusiness
- WOMEN & WALL STREET: Most Powerful Women in the U.S. - InvestorPlace
- How to Thwart the Financial Advisors Mismanaging Your Money - The Motley Fool
- HOLLYWOOD CASH: Glitzy Obama-Clooney Fundraiser Breaks Records - IBTimes
- JOBLESSNESS MADE WORSE: 200,000 About to Lose Unemployment Benefits - CBS MoneyWatch
- LOOKING UP: Consumer Sentiment Rises as Gasoline Prices Fall - 24/7 Wall St.
Comments (Page 1 of 1)
They need to get out there and work to help the family out.
If you’re tired of the middle-man managing YOUR MONEY and taking a SUBSTNTIAL cut for himself, then read about how our investment group eliminated that and, at the same time, came out on top even after the recession.
There are better options out there for the beginning investor who may be leery about managing his or her own funds, so instead of putting your money in somebody else’s hands, let our investment group show you how we did it and how it can work for you.
Just google “EASY STOCK CASH” and click on the first link! There is a reason we are first and there is a reason we want you to know what we know.
Take advantage of this market…don’t be afraid of it. Check out our site if you’re a beginner for tips and explanations…and check it out if you’re a veteran trader just looking to freshen up your game!
There is alot of room for all of us to get jobs to make ends meet.
I have what I think is a new idea on how to keep your house cleaner w/o a single cleaning chemical. How did you get your idea off the ground.
Rancho Viejo Housewife
Being an entrepreneur isn't a career, it's a lifestyle! People are being forced now more than ever to tap into their most prized resource & possession, which is their minds. Being an entrepreneur means to be an outside the box thinker when it comes to being innovative.
I started my business after I lost my job in 2005. I came up with an idea, created a prototype, patened & trademarked it, then presented it to industry in just a short 3 year span. I now sell them in over 140 countries & growing world wide.
If you're an outdoorsman & love to hike, backpack, camp or fish or even know someone who does, watch, then send them these videos, you'll be happy you did. :)
The Pen Fishing Rod featured in this youtube.com video http://www.youtube.com/watch?v=BcvXbbUxoWk by http://penfishingrods.com makes a great gift for the outdoorsman or woman in your life. It's a cleverly fabricated miniature fishing rod disguised as a Pen. It's only 7¾" closed or 4' 9" which is 57" in length when fully opened & comes with your choice of 9 different reels ranging from the world's smallest fly fishing reel to an equally fabulously designed variety of spinning reels both front & rear drag. Then we have the Goliath series rods which are 8" closed & 63" or 5' 3" fully opened and also come with your choice of 9 different reels. Watch our videos on youtube.com created by happy customers from all over the globe featuring our products. Google us, don't just take our word for it!
Here is our online album of fish submitted from all over the globe. http://flickr.com/penfishingrods
Here is the current world record 18 lbe carp caught on a Pen Fishing Rod May 8th ²ºº9 http://www.youtube.com/watch?v=Dkgj84uZokQ
Here are some videos with our rods catching BIG Bass!
BASS gone WILD by Penfishingrods.com™ 1
http://www.youtube.com/watch?v=bnrLOyY2EhY
BASS gone WILD by Penfishingrods.com™ 2
http://www.youtube.com/watch?v=L4T8qT5q-V0
BASS gone WILD by Penfishingrods.com™ 3
http://www.youtube.com/watch?v=nplomWaRT8I
www.professional-officeservices.net
Gee, teens are doing the kind of work teens used to do?
Michael 7-20-2010 9:04AM Listen buddy boy; as you are doing so well you can afford to pay to advertise. What a common thing you do.