Job market to teens: You're dope

Teenagers are coming to the rescue of business owners?struggling to find enough workers?in one of the?hottest job markets in decades. Those ages 16-19 are working in greater numbers than they have since before the 2008-09 financial crisis, when summer and part-time jobs were a more common rite of passage into adulthood, government statistics show. A tight labor market and?rising wages in the hourly jobs?that teens are more likely to take are creating a jobs bonanza.?Teen workers have become particularly essential in the retail,?tourism and hospitality?industries, which many adults?left behind during the pandemic.? “I really like working,” one teen, who lifeguards for $10 an hour at a community center in the summer, told me. She divides her paychecks between college savings, church contributions, a fund for a loungewear business she hopes to start and spending money to get her hair or nails done. “My mom is a single mom, so I got to see the value of working hard and getting paid for it." #jobmarket #jobhunt #wages The Wall Street Journal https://lnkd.in/eU-rNCNT

When is a well-paying position too good to resist? As the U.S. economy adds more jobs and wages rise, some college students are choosing to join the workforce instead of staying in school. The potential loss to future earnings, however, is significant.

Teenagers are coming to the rescue of business owners?struggling to find enough workers?in one of the?hottest job markets in decades. Those ages 16-19 are working in greater numbers than they have since before the 2008-09 financial crisis, when summer and part-time jobs were a more common rite of passage into adulthood, government statistics show. A tight labor market and?rising wages in the hourly jobs?that teens are more likely to take are creating a jobs bonanza.?Teen workers have become particularly essential in the retail,?tourism and hospitality?industries, which many adults?left behind during the pandemic.? “I really like working,” one teen, who lifeguards for $10 an hour at a community center in the summer, told me. She divides her paychecks between college savings, church contributions, a fund for a loungewear business she hopes to start and spending money to get her hair or nails done. “My mom is a single mom, so I got to see the value of working hard and getting paid for it." #jobmarket #jobhunt #wages The Wall Street Journal https://lnkd.in/eU-rNCNT