Job Market Monitor
Millennial
Millennials in US – Expected to outnumber Boomers in 2019
Millennials are on the cusp of surpassing Baby Boomers as the nation’s largest living adult generation, according to population projections from the U.S. Census Bureau. As of July 1, 2016 (the latest date for which population estimates are available), Millennials, whom we define as ages 20 to 35 in 2016, numbered 71 million, and Boomers … Continue reading
Millennials in US – The share of college-educated young adults in today’s workforce is higher than ever before
As U.S. college graduates earn their bachelor’s degrees and enter the job market this month, data from the Census Bureau show that the share of college-educated young adults in today’s workforce is higher than ever before. Four-in-ten Millennial workers ages 25 to 29 had at least a bachelor’s degree in 2016, according to a Pew … Continue reading
Millennials in US – The largest living generation
In 2016, there were an estimated 79.8 million Millennials (ages 18 to 35 in that year) compared with 74.1 million Baby Boomers (ages 52 to 70). The Millennial population is expected to continue growing until 2036 as a result of immigration. By some measures, Millennials have very different lives than earlier generations did when they … Continue reading
Millennial Workers in US – Just as likely to stick with their employers
Millennial workers, those ages 18 to 35, are just as likely to stick with their employers as their older counterparts in Generation X were when they were young adults, according to recently released government data. And among the college-educated, Millennials have longer track records with their employers than Generation X workers did in 2000 when … Continue reading
Why Millennial Women Leave Their Job – Three surprising findings
There were three surprising findings that emerged from our ICEDR survey of organizational leaders and men and women age 22-35. Surprise #1: Women around age 30 rank pay, lack of learning and development, and a shortage of meaningful work as the primary reasons why they leave organizations. When considering the main reasons why women around age 30 leave … Continue reading
Generation Gap – Millennial shaking up the workplace rules
It’s a drastically different outlook from the generations before who are used to the more traditional hierarchy of large corporate firms – staying at the same firm and working a set number of years in a particular post before progressing. But as this group grows as a proportion of the workforce, employers will have to … Continue reading
Millennials at Work – Three in four say it is likely they will live in a place where they do not need a car to get around
Four in five millennials say they want to live in places where they have a variety of options to get to jobs, school or daily needs, according to a new survey of Americans age 18-34 in 10 major U.S. cities, released today by The Rockefeller Foundation and Transportation for America. Three in four say it … Continue reading
Millennials in US – More numerous than the baby boomers
Millennials, or America’s youth born between 1982 and 2000, now number 83.1 million and represent more than one quarter of the nation’s population. Their size exceeds that of the 75.4 million baby boomers, according to new U.S. Census Bureau estimates released today. Overall, millennials are more diverse than the generations that preceded them, with 44.2 … Continue reading
Millennial at Work – Two ways employers can retain talent
Here are two ways employers can retain millennial talent: 1. Put yourself in the shoes of the potential employee. “No matter how passionate you are about your company, it’s important to always look outside a person’s job responsibilities and guide them to focus on areas where they want to develop themselves in,” said Aaron Harvey … Continue reading
The Social Media Skills Gap – Millennials might not be the answer
Most companies naturally recruit millennials to fill positions that rely heavily on hopscotching through the digital social realm. That’s a mistake, says William Ward, Ph.D., because many digital natives used Facebook, Instagram, Twitter, and the like, strictly for maintaining connections to friends. In fact, one in ten young people are rejected from a job because … Continue reading
GenY – Not all that different in what they value in work
The assumed gulf between the attitudes and values of the millennials versus the nonmillennials[: as ]it turns out, GenY is generally not all that different in what they value in work. The gist of our millennial misunderstanding is that we assume that, as keyed in and digitally fluent as they are, millennials don’t necessarily, well, … Continue reading
Millennials in US – They struggle to find good jobs
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 … Continue reading
Millennial in US – Some facts are true, others …
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
Gender Pay gap in US / Millennial Women Near Parity
These findings are based on a new Pew Research Center survey of 2,002 adults, including 810 Millennials (adults ages 18 to 32),2 conducted Oct. 7-27, 2013 Continue reading
Youth / 25 Jobs in One Career for Gen Y
At 2.6 years per job, over 50+ years in the workforce, plus several temp assignments and contracts means that Gen Y can expect to hold 20-25 jobs over the course of a career. Continue reading
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