Teenage parenthood is thought to have long term consequences for the life trajectory of young parents, with the responsibilities of small children restricting the time available to parents to invest in education and establish social networks at this crucial life course stage. It also results in normative tensions, with childbearing happening “out of order” with respect to other keymarkers of the transition to adulthood. In this study, we take a multi-dimensional approach to the idea of the labor market consequences of teenage parenthood, following young men and women across their first decade on the labor market in Sweden, to investigate if becoming a teenage parent is associated with different and more disadvantaged labor market pathways than for their siblings. Using sequence analysis and sibling models with Swedish register data, our results illustrate that while most teenage parents follow labor market trajectories that are not characterized by entrenched disadvantage, teenage parenthood represents an increased risk of disruption of the labor market career, mainly by delaying the entry of employment linked to decent earnings. The difficulties faced upon early childbearing are even more evident among women, who face much higher risk of entrenched patterns of sustained low wage employment or patterns of long-term labor market exclusion.