On the Job Hunt: Teen Jobs Crisis

On the Job Hunt: Teen Jobs Crisis: "Economists cite several reasons for the high teen unemployment rate. Most frequently they blame the recession that resulted in older workers squeezing out younger job applicants. According to New York University Stern, Economics Professor Joseph Foudy, “youths obviously have less experience in the job market.” Foudy said teens are “the first to lose work” during difficult times."

"Some economists argue that a recent increase in the minimum wage also contributed to the high rate of teen unemployment. Last July the federal minimum wage increased from $6.55 to $7.25. Over the next two months 330 thousand teen jobs vanished."