THE RECESSION: Jobless Summer

When students return to class next fall and pen the traditional compositions entitled "How I Spent My Summer Vacation," an unusually large number will have to write: unemployed. Some 2.7 million youths aged 14 to 21 are temporarily flooding the labor force looking for summer jobs. Instead of seeking only to put cash in their own pockets between school terms, many will be trying to balance the budgets of families whose older members are out of work. But so few summer jobs are being offered that the teen-age unemployment rate is likely to rise well beyond its already high 21.8%.

In...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!