NEARLY 700,000 TEENS FIND JOBS; HIGHEST GAINS SINCE 2013
The number of teenagers finding summer jobs surged in June, as employment among 16- to 19-year-olds increased by 691,000. It was the biggest June job gain for teens since 2014, according to tracking by global outplacement consultancy Challenger, Gray & Christmas, Inc.
Employers announced plans to cut payrolls by 38,536 jobs in June, an increase from May, but still well below the 12-month average and indicative of a positive employment environment, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
The June job-cut total is 28 percent higher than May, when planned layoffs fell to a five-month low of 30,157.
Memorial Day weekend will kick off what is expected to be one of the busiest summer travel seasons in recent history, thanks to low gas prices and cheaper air fares. The increased number of Americans vacationing should result in increased hiring in areas and industries where tourists will congregate, according to a new outlook from the employment authorities at global outplacement and executive coaching consultancy Challenger, Gray & Christmas, Inc.
Teen employment, already at its highest level since 2009, should continue to increase in the summer months, according to a just-released outlook. However, the number of teens seeking and finding summer jobs during the summer months has declined in each of the last three years – a trend that is likely to continue in 2016.