Reports have stated that youth aged 16-24 are experiencing unemployment rates that are at least twice the national average. Historically, the month of July has always shown a peak of unemployment. The decline of working-teens is not only for summer months but have been found to be present during the school season. During April, reports showed one-third of teens were employed, compared to just over half of teens being employed nearly 40 years ago.
So, how is this impacting your teen?
Setting Up a “Successful Future” Foundation
Teens that start working earlier not only have more to show on a resume, college essays, and in the bank, they are also setting themselves up for the future.
An ongoing study of youth aged 15 to 25 found:
- Working year-round at 15 increased the chances of being employed at 17 to 21.
- Those who worked year-round at 15 had higher incomes at ages 17 to 25 and from 21 to 23 had a higher quality job match.
Money Management Matters
The value of money comes with the earning of it, which is why it is essential that teens experience working for a paycheck. By understanding the work behind a dollar, teens begin to feel a sense of independence and ownership in their financial futures.
Developing Soft Skills
Employment is an excellent way for teens to learn leadership skills, communication skills, time management, and personal responsibility, as well as work ethic. Through work experience, teens learn to navigate a work setting. Outlined in Glassdoor’s skills to increase the chances of being hired, being able to collaborate in a team setting ranks in the top 10!
Provide Work Direction
Getting hands-on with an industry that one finds interesting is the start of picking the right career path. By teens starting their career-seeking adventure early they have a better chance at finding their right fit!
To help your teen start their professional exploration, check out JA Build your Future!