

WASHINGTON, Sept. 7 (UPI) -- Summer employment for youth in 2010 was the worst in more than 60 years, the U.S. Labor Department says.
With the overall unemployment rate edging up to 9.6 percent in August, from 9.5 percent, the unemployment rate for those under 25 hit 18.3 percent in June, July and August, USA Today reported Tuesday.
For August, 47.6 percent of the 16-24 age bracket were working, a record low for the worker category the Labor Department has monitored since 1948, the newspaper said.
Government jobs for youths suffered from budget cuts, while one of the mainstays of employment for younger workers, restaurants, has been slow to hire in a sluggish economy.
The competition for jobs at restaurants has also been stiffer than normal, as older workers are clinging to jobs.
"Restaurant operators report a much wider variety of applications to chose from," said Hudson Riehle, senior vice president of research at the National Restaurant Association.
The paucity of summer of jobs means less money in students' pockets to pay for textbooks at the same time more students head back to school to increase their competitiveness.
"We've seen an explosion in students coming back because the job market has turned south," Colleen Hartfield, a vice president at Hinds Community College, told USA Today.
"People are trying to prepare themselves for a very tight job market."
|
|
|
| Additional Business News Stories | |
VIENNA, Feb. 10 (UPI) --
Oil prices were expected to trend higher as an improved U.S. economy and geopolitical risk in the Middle East weigh on markets, OPEC said.
|
CHARLOTTE, N.C., Feb. 10 (UPI) --
The Babcock and Wilcox Nuclear Operations Group reports a second order for nuclear power components for the U.S. Navy under a contract awarded in 2010.
|
For the first time since the condo crash of 2007, Florida median existing condo prices came roaring back 2011, rising by a hefty 5 percent on a quarter-to-quarter basis....
|
Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
|
| Stories | Photos | People | Comments |
View Caption