Teen Unemployment at 24 Percent
Jim LiebeltJim Liebelt's Blog
- 2011 Jun 06
Small businesses are often responsible for filling the summer job needs of America's teenagers. CBS News correspondent Bill Whitaker reports that many 16- to 19-year-olds are finding the going rough when it comes to finding work once school is out.
The Labor Department says the unemployment rate for those aged 16 to 19 last month was more than 24 percent. Compare that to May of 2000, when the rate was less than 13 percent.
The latest figures show California's unemployment rate among teenagers is more than 34 percent, which is nearly triple the state's overall unemployment rate of 11.9 percent. In cities such as Irvine, California, job fairs have been canceled because few companies have agreed to participate.
For many teens with no jobs and no money, it could be one long, hot summer.