Sandra Collins's Blog

The good news is there are more jobs this year in retail, a popular industry for teens. The bad news is teens are facing competition from older age groups. The national unemployment rate among teens was 24.5 percent in May. The U.S. unemployment rate for all age groups was 7.6 percent in May, the bureau reported. Employers nationwide added 175,000 jobs. Samantha Hudson, 19, has been applying for jobs since she graduated from high school two years ago. Now a student at Richland College in Dallas, Hudson said she’s heard the same thing from nearly every employer: She doesn’t have enough experience. James Borbely, an economist with the Bureau of Labor Statistics, said older workers may be taking jobs that teens have typically held, especially in the retail industry, because unemployment rates for every age group are still high from the recession that ended in 2009.

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Treasury Secretary Jacob Lew won't win any prizes in penmanship, but his official signature which will go on the nation's currency is at least a slight improvement over the loopy scrawl he had a few months ago. The Treasury Department unveiled the new signature on Tuesday. It takes the Bureau of Engraving and Printing about 18 weeks to put new engraving plates into production. That means Lew's signature will not show up on the various currency denominations until sometime this fall. The new signature is still hard to read but it does represent an improvement from previous signatures that were essentially a series of loops. Lew became Treasury secretary, succeeding Timothy Geithner, on Feb. 28. While the signatures of Treasury secretaries have been appearing on the currency since 1914, Treasury chose a very modern way to release Lew's signature. They tweeted it.