Small Business Startup News
Growing Number Of Teens Starting Their Own Summer Jobs
Written by Jenna Weiner
The tough seasonal job market has inspired the entreprenurial spirit in many teens across the country.
Statistics show that fewer employers are taking on summer workers, meaning that many teens looking for seasonal jobs are able to find them. Figures from the Bureau of Labor Statistics show teenage unemployment at its third-highest rate ever. That job shortage has pushed many enterprising teens to create their own businesses, according to the Kansas City Star.
"The summer of 2010 may be remembered as the season of teenage entrepreneurs," Meridee Maynard, a Northwestern Mutual financial literacy expert, told the paper.
Business ventures by teens don't need to be overly complex or unfamiliar. The Star reports that teenage entrepreneurs should stick with that they are good it. The paper says businesses such as lawn-mowing, dog-walking and babysitting can give students the money they need while also helping them learn business and marketing skills - good news for entrepreneurs who are just home from school.
A report by the job placement firm Challenger, Gray & Christmas found that summer employment among 16- to 19-year-olds grew by just 6,000 workers in May. By contrast, more than 110,000 teens found seasonal jobs in May of 2009.
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