(Bloomberg Business) — For teenagers, a summer job is a rite of passage. They learn the freedom that comes with earning their own money — along with the misery and boredom of the daily grind. But until recently it's been nearly impossible for most teens to find work. Even as the economy improved, the unemployment rate for 16-to-19 year olds hovered around 25 percent for years.
This could be the best summer for teen jobs since at least 2008. In the last several months, the teen unemployment rate dipped below 18 percent — a big improvement, even if it's still triple the rate for the general population.
But even if the economy keeps improving, don't expect a return to the heyday of the summer job.
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