The unemployment rate for teenagers is at the lowest level in nearly 70 years, according to the latest statistics from the US Bureau of Labor high-schoolers have never been in such high demand, which is nearly always leading to better, sometimes dramatically increased pay.

Sixteen has never been sweeter on the savings accounts of seasonal job seekers finding themselves raking in extra dough this summer. Stefano Giovannini for NY Post A chart looking at the pay for summer jobs last year compared to this year. Gabe Jaffe, a rising junior, worked on his business plan for Teen Hampton after finishing his homework during the school year. вЂњWeвЂ™ve had so many inquiries, we donвЂ™t even have enough babysitters to fill them,вЂќ said Jaffe. He also makes $18.75 per hour for babysitting (Jaffe takes $6.25 off the $25 hourly rate).ДЇamilies, eager to get their little ones out of the house and looked after this summer, amid ongoing camp counselor and lifeguard shortages, are enthusiastically signing up for the listing service, which provides parents with access to vetted, qualified sports instructors, as well as babysitters. After Bank pays his 25% cut to Jaffe, he still earns $52.50 an hour coaching basketball for kids - more than tripling his hourly pay at last summerвЂ™s job. This summer, heвЂ™s working smarter, not harder, with well-paying gigs he found on Teen Hampton, a teen-run group founded by 16-year-old Gabe Jaffe. Courtesy of Alex Bank Bank (left) grew up playing Amateur Athletic Union basketball. Last summer, he made under $20 an hour working at a restaurant. Alex Bank works as a basketball coach charging up to $70 an hour. вЂњYou look at these menus and youвЂ™re like, вЂThatвЂ™s a couple of hours of work.вЂ™ It puts into perspective how expensive things are out here,вЂќ Bank, a rising junior at a Connecticut boarding school who lives on the Upper East Side and grew up playing Amateur Athletic Union basketball, told The Post. To indulge his love of lobster rolls at East Hampton Grill, or to afford the occasional sushi dinner, he would end up working overtime. The job, which paid $17 per hour, was stressful at times, but it built character, Bank said. Last summer, Alex Bank worked nine-hour shifts as a busboy in the high-energy dining room at now-shuttered power-crowd institution BabetteвЂ™s in East Hampton. Subway boss fired for saying black teen wasnвЂ™t wanted for job Reynolds Wrap wants to pay you $10K to eat BBQ all summer long

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Busboy hourly wage