Hope for students in tough job market

The summertime job market for teenagers and college students is just around the corner, but several factors may affect their success in finding jobs this year.

Experts and small-business owners say the higher minimum wage, a glut of more-experienced applicants and fewer jobs may make employers choosier.

Even so, the situation this summer may not be as dire for young people 16-24 years old last year. Last July, the percentage of youths employed, 51.4 percent, was the lowest July on record, according to the U.S. Bureau of Labor Statistics, which began tracking the data in 1948.

July 2009 was also the highest July on record for unemployment rates for youths, which reached 18.5 percent. There were nearly 1 million more unemployed youths than a year earlier.