Ama­zon to let teens spend par­ents’ money

The Detroit News - - Insider - Wire ser­vices

The on­line re­tail gi­ant said Wednesday that teens can now shop at Ama­zon on their own, if their par­ents let them.

Adults can add up to four teenagers to their ac­count, giv­ing young­sters their own lo­gin in­for­ma­tion to buy stuff through the Ama­zon app. Par­ents can set spend­ing lim­its, can­cel or­ders and get no­ti­fi­ca­tions when some­thing is bought.

The move by the Seat­tle-based com­pany comes at an al­ready rough time for stores that cater to teens. Aber­crom­bie & Fitch’s rev­enue, for ex­am­ple, has fallen ev­ery year since 2014. And some teen re­tail­ers have filed for bank­ruptcy pro­tec­tion, in­clud­ing Aero­postale and Wet Seal.

Ama­zon.com Inc. said the new pro­gram is only for teens be­tween the ages of 13 and 17. And the com­pany said kids won’t be able to see their par­ent’s credit card in­for­ma­tion.

There’s no ex­tra cost to use it, and par­ents don’t need to have a Prime mem­ber­ship to add teens to their ac­counts. But if they do pay for Prime, teens will also get ac­cess to free ship­ping, stream­ing video and Prime’s other perks.

Job open­ings slip but still near record high

Washington — U.S. em­ploy­ers are ad­ver­tis­ing near-record lev­els of job open­ings, though the to­tal slipped in Au­gust from July.

Job open­ings fell 0.9 per­cent in Au­gust to just un­der 6.1 mil­lion, the La­bor Depart­ment said, from 6.14 mil­lion in the pre­vi­ous month. July’s fig­ure was re­vised slightly lower but is still the largest num­ber of avail­able jobs since records be­gan in De­cem­ber 2000.

The un­em­ploy­ment rate, cur­rently 4.2 per­cent, has hit a 16-year low. That has left busi­nesses strug­gling to fill open jobs.

Even so, av­er­age wage growth has been slug­gish, sug­gest­ing that companies aren’t of­fer­ing suf­fi­ciently healthy pay to en­tice work­ers al­ready em­ployed to switch jobs.

Companies also pulled back slightly on hir­ing, and the num­ber of peo­ple quit­ting their jobs also fell a bit. Over­all, the re­port sug­gests the job market was healthy but a lit­tle less ac­tive in Au­gust.

Ama­zon/Busi­ness Wire / TNS

Adults can add up to four teens to their Ama­zon ac­count.

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