Part of the American Recovery and Reinvestment Act of 2009 includes a section that puts 1.2 billion in youth initiative programs and creates 1 million youth jobs.
$1,200,000,000 for grants to the States for youth activities, including summer employment for youth
The age limit for the summer jobs will also be raised from 21 to 24 years of age. So those from 14-24 may now apply for the jobs. Youth employment plays a huge part in educating the youth about real world job experience and allows them to gain confidence to work in those professions.
In a roundabout way, youth are known to spend their paychecks by buying the latest gadgets. More spending means more stimulus to the economy. Young adults can also help their families, who may be struggling with bills, with their summer employment money.