Even if you’re only making a couple bucks an hour working at a summer camp or stocking shelves at the grocery store, the first job in one’s career can feel life-changing. But many teens today are missing out on that experience. While the overall unemployment rate has hovered between 4% and 4.2% since May 2024, joblessness for teenagers aged 16 to 19 rose from 12.3% in June 2024 to 14.4% in June 2025—a 17% increase overall. Teens currently are the age group with the highest unemployment rate. Meanwhile, unemployment for people aged 20 to 24, who have also experienced difficulty finding employment this year, increased 9% year over year to 8.2% Rising teen unemployment primarily relates to the fact that employers have made fewer hires overall after peaking in early 2022 during the “Great Resignation,” especially in sectors where teenagers are most likely to find jobs, such as leisure and hospitality and retail trade. As such, hiring for this age group will be weaker this year. Predictions from outplacement firm Challenger, Gray & Christmas suggest teenagers will gain 1 million jobs from May through July 2025, down from the 1.1 million gained during the same period last year (which was 200,000 lower than the firm originally predicted). Don’t panic yet, but...—PM |