According to a new survey by Business Insider and News To Live By, a Gen Y career advice destination, millennials continue to struggle to secure good-paying full-time jobs in line with their education levels.
The survey of 548 millennials in the U.S., conducted by Survey Monkey in May, finds that 16% of millennials remained unemployed after six months in the job market. Meanwhile, the national unemployment rate is currently 6.3%. In addition, nearly a quarter of respondents applied to 11 or more full-time jobs before they were ultimately hired.
Chosen excerpts by Job Market Monitor. Read the whole story at Exclusive Survey Shows How Hard It Is For Millennials To Find Good Jobs | Business Insider India.
A demographic cohort is never monolithic, but the group that recently entered the labor force had one trait in common: they watched as the Great Recession dramatically reshaped the landscape of employment, housing, and, in general, their expectations. How profoundly will the economic downturn and its associated effects mark this generation? On top of the … Continue reading
The estimated 85 million born from 1981 through 2000, prove less restless than their forebears. The standstill may be holding back recovery in the labor and housing markets. “They remain stuck in place,” said William Frey, a senior fellow at the Brookings Institution in Washington who specializes in migration issues. “The recent slowdown is really … Continue reading
The Millennial generation is forging a distinctive path into adulthood. Now ranging in age from 18 to 331, they are relatively unattached to organized politics and religion, linked by social media, burdened by debt, distrustful of people, in no rush to marry— and optimistic about the future. They are also America’s most racially diverse generation. In … Continue reading
Currently, over 2 million of those 20-24-years-old are unemployed, with an unemployment rate of 12.9%. For the older half of millennials 25-34, the rate is 7.4% with 2.5 million unemployed Continue reading
1. Millennials have been hit hard by the recession. Historically, 16- to 24-year-olds have always had higher unemployment than their older cohorts, but unemployment for younger millennials has skyrocketed since the financial crisis and is only slowly returning to normal 2. Millennials are less likely to be looking for work. Labor force participation has been … Continue reading