Teen summer jobs still way below historic peaks.
Another sign the labor market isn't as tight as headlines suggest. Less teens working = families need less supplemental income OR companies aren't hiring entry-level at scale.
Either way, this feeds into the "soft landing" vs "hard landing" debate. Weak youth employment often precedes broader slowdowns.
Keep an eye on consumer spending data. If teens aren't earning, they're not spending on crypto, gaming, or discretionary tech. Bullish for nothing except maybe deflationary assets short-term.
Another sign the labor market isn't as tight as headlines suggest. Less teens working = families need less supplemental income OR companies aren't hiring entry-level at scale.
Either way, this feeds into the "soft landing" vs "hard landing" debate. Weak youth employment often precedes broader slowdowns.
Keep an eye on consumer spending data. If teens aren't earning, they're not spending on crypto, gaming, or discretionary tech. Bullish for nothing except maybe deflationary assets short-term.
