Summer 2020 is in full swing. But for many young Americans, this summer will look different than those in years past because of the impact the pandemic is having on the labor market.
Summer vacation is often a time for entry-level workers to get a first taste of the “real world.” By scooping ice cream, working at a restaurant, or lifeguarding, adolescent individuals are able to earn an income and gain experience, while also contributing to the success of businesses across the country. Many rely on these months to earn money for college or save for their future. These jobs provide the opportunity to learn the soft skills required for a successful future career.
However, since March, the unemployment rate has increased significantly. Many who were looking forward to picking up a summer gig might have to wait until next year as businesses comply with state reopening regulations and try to financially rebound from the pandemic. In May, federal data revealed the unemployment rate among teenagers between the ages of 16 and 19 was 30 percent—a near 72-year high.
The summer of 2020 will no doubt be challenging for both businesses and younger Americans seeking seasonal employment. Hopefully the lifting of state lockdown orders will get the economy back up and running sooner rather than later.