This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Mayors Release Zogby Survey On Business Hiring Of Summer Youth

Local Leaders Vow to Get Every Business to Hire a Young Person Each Summer

WASHINGTON, Jan. 17, 2013 /PRNewswire-USNewswire/ -- Nearly 30 percent of businesses hired youth (under age 23) for the summer of 2012, according to a new survey released today by The U.S. Conference of Mayors and Zogby Analytics, during the 81 st U.S. Conference of Mayors Winter Meeting held in Washington, D.C. The survey is meant to establish a baseline of the degree to which businesses provide summer jobs for the nation's young people.

(Logo: http://photos.prnewswire.com/prnh/20110125/MM36443LOGO)

"A summer job has always been a right of passage for youth and young adults as a way to develop pertinent skills, earn a  little extra money, or begin a new and exciting career," said one of the reports authors, John Zogby, "but the survey data does not present a rosy picture for youth/young adult summer employment." According to the report, two-thirds of respondents did not hire any youth/young adults for the summer of 2012.  Also, 84.3 % of respondents say they did not make a (financial) contribution to a summer jobs program. 

But the report did find a silver-lining. Of the 29.7 % of companies that did hire youth, 61.6% said they were likely to hire more youth/young adults for the summer of 2013.  Of those companies, the overwhelming majority (73.7%) characterized the skills and educational capacity of the youth/young adults they hired as excellent (25.3%) and good (48.4).

"These survey results show that there is tremendous potential for cities, the private sector and the foundation community to work together to increase the participation of our business sector in hiring youth next summer," said U.S. Conference of Mayors President Philadelphia Michael Nutter.  "We thank those businesses and foundations who hired youth in 2012. But we really want to raise the bar and partner even more closely with every business across America, and encourage all of them to hire young workers every summer."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,659.92 -12.68 -0.07%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs