Amazon to let teens spend parents’ money
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.
Adults can add up to four teens to their Amazon account.