Colorado teens cashing in

DENVER - Teens may rely less on mom and dad for spending money than they did a year ago. That's because more of them have jobs, according to the Colorado Department of Labor.

For the first time in several years, employment numbers for job seekers between the ages of 16 and 19 are up.

Between May 2013 and April 2014, 94,000 teens in this age group had jobs. That's up from around 80,700 for the previous year.

The unemployment for these new entrants into the job market is now at 20 percent. A year ago it was at 24.9 percent.

"While the job market has been improving for adults for awhile now, those improvements are making it easier for teens to find employment," said Alexandra Hall, Chief Economist with the Colorado of Labor. "[I'm] not saying it's easy. It's still a challenging job market for youth. But we're seeing that it is finally starting to improve conditions at that levels."

It's cautious optimism for teens looking for work this summer.

(KUSA-TV © 2014 Multimedia Holdings Corporation)


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