Job Market Monitor
Millennials
US – Nearly 60 percent of U.S. chief financial officers say their firms are not adapting to attract millennial workers
Nearly 60 percent of U.S. chief financial officers say their firms are not adapting to attract millennial workers – thoseunder age 35. While millennials offer technological and creative advantages, they tend to be less loyal to the company and require more management oversight, some CFOs say. CFOs in the U.S. also expect employment to increase … Continue reading
There is little difference in workplace preferences between millennials, Generation Xers and baby boomers study finds
Designing the office of the future? Don’t plan it around (what you think you know about) U.S. millennials. The study, based on aggregated CBRE Workplace Strategy surveys from more than 5,500 office workers across numerous industries, found that while current assumptions about millennials are driving the design of many workplaces today, there is actually little … Continue reading
US – Just 63 percent of 20-24 years old were employed as of September 2014
Opportunity matters. But for many young Americans, opportunity is hard to come by. Young Americans have faced bleak job prospects for years, but the recession hit millennials particularly hard. Just 63 percent of Americans age 20-24 were employed as of September 2014, according to calculations based on Bureau of Labor Statistics data. In September 2000, … Continue reading
US – Half of young people under 25 live “in their parents’ home,” says Census. OK but…
More than 15.3 million twentysomethings—and half of young people under 25—live “in their parents’ home,” according to official Census statistics. Theres just one problem with those official statistics. Theyre criminally misleading. When you read the full Census reports, you often come upon this crucial sentence: It is important to note that the Current Population Survey counts … Continue reading
US – 40% of unemployed workers are millennials
The jobs market is improving, according to government data released Thursday, but millennials are still left out in the cold. They’re suffering more than any other age group, new research finds. Some 40% of unemployed workers are millennials, according to an analysis of U.S. Census data by the Georgetown University Center on Education and the … Continue reading
Millennials – The best-educated generation in US history but overall they don’t earn more
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
Millennials in US – A Stay-at-Home generation ?
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
Millennials and Retirement – Saving more and at a much earlier age
Millennials are not only saving for retirement at an earlier age than their parent’s generation, but they are also saving more aggressively. This generation (born after 1978) started saving at a median age of 22, more than a decade earlier than their Baby Boomer parents and five years before Gen Xers, a survey from the … Continue reading
China / A comprehensive survey of Millennials
Everyone knows that the millennial generation is far different from its predecessors across the world, including in China, but what are the ways in which it differs? Continue reading
Gen Y’s (Millennials) Impact
By 2025, Gen Y is going to make up 75% of the global workforce and their independent-thinking and entrepreneurial mindset is going to change the future of the workplace. Unless employers can understand this, they’ll risk losing their top talent, says Dan Schawbel, founder of Millennial Branding and author of the new book “Promote Yourself.” … Continue reading
UK / A gulf in expectations between young people and employers finds CIPD
CIPD research reveals a gulf in expectations between young people and employers that is contributing to high levels of youth unemployment There is a clear mismatch between employers’ expectations of young people during the recruitment process and young people’s understanding of what is expected of them. This is hindering young people’s access to the labour … Continue reading
Millennials / More active in their job searches than older seekers
A study by the hourly employment network Snagajob revealed that millennials, once accused of being the laziest generation ever, are more ambitious in their job searches, re-engage in the process at a faster rate and apply for more jobs compared to older job seekers. Over the past year, younger job seekers increased their job application … Continue reading
Millennials – Athens the best metropolitan areas for 18 to 29 year olds ? Yes, Athens, Georgia
A weak job market, along with the high cost of higher education, have made it difficult for the average college graduate in America. Approximately 53 percent of college graduates under the age of 25 are either jobless or primarily working jobs that don’t require a college degree, according to an April study by Drexel University. … Continue reading
Demographic Alert: Older Workers Will Soon Exceed Younger Workers in Numbers in US
For the very first time in history, the number of workers over age 55 will surpass the number of workers ages 25 to 34. Since 1990, the number of older workers has been increasing steadily, while the number of younger workers in that specific age cohort has been steadily declining. It’s just a matter of … Continue reading
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