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Teen students unemployed at high rates
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Unemployment of teenagers ages 16 to 19 hit a quarter-century high of 24% in June, according to the the Wall Street Journal.
Part of the reason is that the recession has pulled adults in to jobs typically held by teens. .gif)
In turn, when better-educated teens get the jobs at retailers or fast-food outlets, they force out the lower-income teens who usually work those jobs.
At the same time, parents are relying on kids' part-time jobs to help pay for college, due to layoffs and stock-market losses.
Parents and students hope that all of this college pays off, but many college graduates are having a hard time finding work. See Unemployed college grad sues for tuition refund.
What a crazy and vicious circle! The only answer is to work your hardest and rise above the competition.
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