Teenagers are having a rough time finding summer jobs, CNN reports. This means your child might be asking you for money instead of bringing home a paycheck.

Although June is usually the peak month for teen hiring, this past June marked the first time since 2004 that fewer than 1 million new jobs were available for 16- to 19-year-olds.

“Companies tend to hire teens to build their pipelines for the future and give kids a chance to get into the workplace,” said Challenger, Gray & Christmas Chief Executive John Challenger. “But those jobs are the first ones that companies cut back when they need to pare down.”

Teen employment grew by only 683,000 new jobs in June, 38.7 percent below the 1.1 million new positions that teens were able to fill in June of last year, according to an analysis of U.S. Bureau of Labor Statistics data by Challenger, Gray & Christmas, a global outplacement consultant.

Analysts said a rebound in July is unlikely, because during the past 10 years, July employment has dropped more than 40 percent from June levels.If the current average holds, total teen hiring in May, June and July combined would be approximately 1.2 million, representing the smallest gain in teen summer employment since 1958.