From Home Furnishing Business
Fast Fact: A Snapshot of Millennial Employment, Post-Recession
Due to their sheer size, Millennials are beginning to make an imprint on the workforce. Employed Millennial workers ages 25 to 34 are growing in number and now surpass the number of employed 35 to 44 Gen Xers, according to data from the U.S. Census Bureau’s Current Population Survey.
At 34.4 million post-college employed workers in 2017, Millennials are now 7.8 percent higher than Generation X in the amount of people in the workforce.
On the flip side, Millennials also top unemployment rates with 4.6 million 25 to 34 year-olds unemployed compared to 3.5 million 35 to 44 year-olds and 3.2 million 45 to 54 year-olds.
Unemployment among Millennials with a bachelor’s degree or higher spiked up to 4.9 percent in January of 2010 before leveling out to 2.5 percent in 2017 – just 0.4 percentage points shy of the rate in January 2007.
For an in-depth look at the data, click here.