LANSING — The Michigan Department of Technology, Management & Budget on Wednesday released its summer teen employment forecast for June–August 2024.
The Michigan labor market has continued to add jobs each year since 2020, and the unemployment rate has remained low overall, the group said. This is positive news for teens looking for summer employment.
Recent annual trends have shown that more teens have sought and found jobs each summer, and a similar outcome is expected in 2024.
In the U.S., the annual average unemployment rate for teens ages 16 to 19 had been declining up until the pandemic year of 2020. Since then, the national unemployment rate for teens has averaged around 12 percent over the past few years. This trend is similar in Michigan, where the annual average teen unemployment rate dropped to around 12 percent in 2018 and 2019 and has hovered around 13 percent since 2021.
The summer 2024 unemployment rate among Michigan teens is expected to average 11.6 percent, down slightly from the 13.7 percent rate in 2023. This is similar to the summer unemployment rates Michigan teens have experienced since 2018. Employment for teens spiked to 233,000 in 2023 as participation for this group exceeded historical norms.
In 2024, nearly a quarter million Michigan teens are expected to search for work, and 218,900 are forecasted to be employed this summer.
”Approximately 250,000 Michigan teens are forecasted to seek employment this summer, and they will be entering a promising job market,” said Wayne Rourke, labor market information director for the Michigan Center for Data and Analytics. “Teen unemployment should remain low due to the job demand in industries that typically hire younger seasonal workers.”
