BELOW SUPERNAV drop zone ⇩

Wall Street reporter: Plenty of summer jobs for US teens

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

(NewsNation) — The coming months are supposed to be the best summer job market for teens in the past 15 years.

According to the Drexel University center for Labor Markets and Policy, 33 percent of teens ages 16 to 19 will be employed each month from June through August, many getting $15 to $16 an hour for entry level work.

Wall Street reporter Lydia Moynihan joined NewsNation’s “Rush Hour” on Monday to discuss the big summer for teens, along with other changes to the U.S. job market, which continues to grow despite concerns of a looming recession.

“Unemployment for teens is basically at a 70 year low — just 10 percent — and it’s a really good sign for the economy because there are a lot of vacancies that were created during the pandemic,” she said.

Additionally, Moynihan says the job market is almost back at full strength — it just looks different than it did before the pandemic.

She says employment flexibility during the lockdown, because it was such a hot labor market, has given people the opportunity to work remote and make more money.

However, as she says on “Rush Hour,” that has had it’s own trickle down effects, causing certain industries to suffer.

“Education, for instance, has really suffered during the pandemic,” Moynihan said. “A lot of people are leaving teaching. It’s (a) tough job, it’s not super lucrative, and that raises the question of what does that mean for our kids? What does that mean for our education system? What does that mean for our economy down the road? Likewise, health care is also suffering. A lot of people (are) leaving nursing. Will there be a health care crisis down the road?”

Watch the rest of Moynihan’s interview with Nichole Berlie, including her answer about the most surprising job market trend.

Your Money

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Sunny

la

67°F Sunny Feels like 67°
Wind
8 mph SSW
Humidity
25%
Sunrise
Sunset

Tonight

Clear skies. Low 48F. Winds light and variable.
48°F Clear skies. Low 48F. Winds light and variable.
Wind
4 mph E
Precip
3%
Sunset
Moon Phase
Waning Gibbous