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CHICAGO (Reuters) – A record-low one in four U.S. teenagers will land a summer job in the coming months as a result of a still-poor job market and lost federal funding, according to a report issued on Monday.
As a consequence, urban studies experts said cities like Chicago -- where summer unemployment among African-Americans aged 16 to 19 years approaches 90 percent -- could experience a rise in street violence.
The long-term impact of higher summer joblessness among young people is a less-experienced work force and increased government spending due to lower lifetime earnings, reduced tax revenues and higher prison costs, experts said.
The summer employment rate among U.S. teen-agers this year was projected at between 25 percent and 27 percent, based on an analysis of four decades of employment trends by Andrew Sum of the Center for Labor Market Studies at Northeastern University in Boston. That would be a post-World War Two low, while as recently as 2006 the teen summer employment rate was 37 percent.