From MSNBC:
"Oil prices skyrocketing. Home sales plummeting. Retail sales falling.
Because of all these factors, there is likely to be a dearth of "help wanted" signs up this summer. And many teens may be extra motivated to want work as parents, seeing discretionary dollars dwindle, start asking kids to pick up more of the tab.
So teens hoping to be gainfully employed when school lets out should get off their keisters now.
Nearly half of hiring managers say they have no plans to hire any seasonal workers this year, according to a study of 1,100 companies released today by SnagAJob.com, a job site for hourly positions.
When asked why they wouldn’t be hiring, 31 percent of those polled said they didn’t have the budget.
And a report put out this month by the Center for Labor Market Statistics at Northeastern University states that "the summer 2008 job outlook for teens looks particularly bleak...."
Teens face tough market for summer jobs - Careers - MSNBC.com