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Unemployed teenagers a drag on apparel retailers

  • The Center for Labor Market Studies at Northeastern University is out with a shocking report on the unemployment rate of teenagers.
  • A study by the group found that the percentage of teens that were employed dropped 19 percentage points to 26% during the period from 2000 to 2011. Some analysts think the rate is actually even lower today.
  • One group that might not be shocked by the apparent cash-strapped nature of teenagers is apparel retailers. Firms up and down the sector have been rocked by weak traffic trends that are tied to more than winter weather.
  • Related stocks: ARO, ANF, AEO, ZUMZ, PSUN, BKE, EXPR, WTSL, TLYS, CACH.
  • Full report: The Plummeting Labor Market Fortunes of Teens and Young Adults. (.pdf)
Comments (5)
  • Hendershott
    , contributor
    Comments (1498) | Send Message
     
    If you are a parent, you already knew this.
    14 Mar, 01:33 PM Reply Like
  • Hubert Biagi
    , contributor
    Comments (689) | Send Message
     
    Along with the rise in out-of-wedlock babies and the welfare state.
    14 Mar, 02:04 PM Reply Like
  • butteredbread
    , contributor
    Comments (28) | Send Message
     
    so shocking! it was 3 years ago!
    14 Mar, 03:01 PM Reply Like
  • alphaman
    , contributor
    Comments (156) | Send Message
     
    Let's make the minimum wage $30.00 per hour, that will fix it.
    15 Mar, 11:21 PM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    Maybe the teenagers are spending their money on (Phot) that might be a stock to get back into..
    16 Mar, 07:53 AM Reply Like
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