The economy had 20.9 million workers between the age of 16 and 24 last month. The jobless rate fell to 3.5%, the lowest level since the late 1960s. “Arguably, it is the best time ever to be a teen in search of summer work,” said Julia Pollak, chief economist at ZipRecruiter.

There were 20.2 million employed 16-24 year-olds in July. That’s up from 20.5 million in June. The last time that age demographic had more jobs was in July 2019. The age segment had an 8.5% jobless rate during the month.

The employment rate of workers within the 16-19-year-old segment declined from June to July, and it’s contracted year-over-year. Teen employment numbers increased to 5.4 million from 5.26 million a year ago. The data all points to robust gains for 20- to 24-year olds.

The jobless rate for teens is 6.4%, down from 9% a year ago. It's understandable that younger workers are going to make out well, Pollak says. "It starts with a good chance of getting a good job," she says. 'It's a good time to be a teen'

Pollak: Employers are increasingly prepared to take risks on younger workers. “Staffing shortages give ambitious younger workers the chance to wear many hats and try out different roles,” she noted. Pollak: “We are really scraping the bottom of the barrel now, hiring the kinds of candidates we would never before have considered.”
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