New Report Looks at the 25 Best Jobs for Millennials

FOR IMMEDIATE RELEASE:

August 27, 2015

Contact: Sarah Schultz, sarah.schultz@younginvincibles.org, 202.734.6510

YOUNG INVINCIBLES RELEASES “BEST JOBS FOR MILLENNIALS” REPORT

[WASHINGTON] – Today, Young Invincibles released a new report, “The Best Jobs for Millennials,” highlighting careers that set up young adults for economic security. To develop the ranking, Young Invincibles analyzed 400 occupations considering three key criteria: their median salaries, projected future growth, and percent of positions held by Millennials.

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Millennials are facing a harsher economic landscape than older generations, including an unemployment rate more than 40 percent higher than the national average and median wages that have dropped 10 percent in the last decade. Economic security is a top priority for Millennials, and they need more information about what kinds of jobs lead to better wages, stable employment, and what kinds of education and training is necessary for these occupations.

“Our list highlights a diverse set of occupations that cross industries, value different skill sets, and require a broad range of postsecondary education and training” said Konrad Mugglestone, Policy Analyst at Young Invincibles. “For this generation, the pathway to prosperity is diverse, and that is something to be hopeful about, even in a tough economy.”

Other notable findings include:

  • STEM jobs are highly represented: 13 of the top 25 jobs are in STEM (science, technology, engineering and math) fields, and an additional five jobs are in medical fields.

  • There is a gender gap in the top jobs: Four of the top five jobs employ more men than women. This is particularly striking, given that young women are more educated than their male peers, yet men are still taking the majority of top jobs.

  • Marketable skills can be attained in diverse ways: To be qualified for a top 25 job, a young adult can hold varying levels of education or job training, including an apprenticeship, associate’s degree, bachelor’s degree, and beyond.

“This report is a good start at helping young adults weigh their future career options, but as a nation we still have significant work to do to map the education and training pathways that lead to these jobs ” said Tom Allison, Deputy Policy & Research Director, Young Invincibles. “As students are preparing to make crucial decisions – where to go to school and what to study – we should provide them with the information to make the choice that’s right for them.”

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Millennial Unemployment Rate Falls Slightly and Remains Unchanged Nationally

FOR IMMEDIATE RELEASE:

August 7, 2015

Contact: Sarah Schultz, sarah.schultz@younginvincibles.org, 202-734-6510

Millennial Unemployment Rate Falls Slightly and Remains Unchanged Nationally

[WASHINGTON ] — The economy added 215,000 jobs in July with the national unemployment rate remaining stable at 5.3 percent. The unemployment rate for young adults age 18-34 fell slightly from 7.7 percent in June to 7.5 percent in July (seasonally adjusted). While it is encouraging to see this slight improvement, Millennials are still significantly more likely to struggle to find work.

The unemployment rate for young black adults (not seasonally adjusted) fell by the greatest margin among this group, from 15.4 percent in June to 13.9 percent in July. Despite this narrowing, the unemployment rate for young black adults remains disproportionately high and is still more than double the rate of their white peers at 6.6 percent.

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Here are more details on how different populations of young people fared in July 2015:

- The unemployment rate for black/African American young adults ages 18 to 34 is 13.9 percent (not seasonally adjusted) in July, down from 15.4 percent in June.

- The unemployment rate for Hispanic/Latino young adults ages 18 to 34 is 8.3 percent (not seasonally adjusted) in July, down from 9.3 percent in June.

- The unemployment rate for Asian-Pacific Islander young adults ages 18 to 34 is 5.2 percent (not seasonally adjusted) in July, down from 5.7 percent in June.

- The unemployment rate for white young adults ages 18 to 34 is 6.6 percent (not seasonally adjusted) in July, down from 6.9 percent in June.

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All Candidates Should Address College Affordability & Student Debt

FOR IMMEDIATE RELEASE:
August 6, 2015

Contacts: Colin Seeberger, colin.seeberger@younginvincibles.org, 214.223.2913; Sarah Schultz, sarah.schultz@younginvincibles.org, 202.734.6510

All Candidates Should Address College Affordability & Student Debt

[WASHINGTON]– Ahead of this evening’s inaugural presidential debate, Young Invincibles’ Executive Director Jen Mishory released the following statements on college affordability, easing the burden of student debt, and strategies for increasing quality in higher education. Please also refer to Young Invincibles’ higher education proposals for a more in-depth analysis of these policy solutions: http://younginvincibles.org/higheredpromise.

Reducing Student Debt

Universal Income-Based Repayment

“Student debt has doubled since 2008, and the number of student borrowers has gone up by roughly 50 percent during that same time period; simultaneously, Millennials have seen their wages decline by 10 percent over the course of the last decade. Student debt is exacting a greater toll on this generation than ever before. We need to make income-based repayment universal – enabling all borrowers to repay their loans as a proportion of their income. This is a commonsense idea that has earned bipartisan support in the past.”

Student Loan Interest Rates

“The students we talk to want to repay their debt, but high interest rate loans and soaring debt are making that reality harder to achieve. The government shouldn’t be making a profit off the backs of students by charging borrowers artificially high interest rates. Refinancing student loans so that borrowers can take advantage of today’s lower interest rates could save some borrowers thousands of dollars over the life of their loans. If homeowners can refinance a mortgage and auto loan holders can refinance their debt, we should guarantee student borrowers that same option.”

Protect Borrowers

“Bad practices in loan servicing and debt collection harm too many people with student debt. We need to eradicate these bad practices and restore bankruptcy protections for borrowers who truly need it.

College Affordability: Pathway to Debt-Free

Supporting Federal and State Investment in Higher Education

“We’ve seen tuition skyrocket more than twice the rate of inflation since the Great Recession, so it is not surprising that American parents have identified college affordability as their chief financial concern. 47 states are currently spending less on higher education per student than they were before the Great Recession. Any plan to fix the nation’s college affordability problem must encourage states to return their investment in higher education to pre-Recession levels and boost our federal investments in the Pell grant to match the national average in-state tuition. We should also make Pell year-round and bolster aid programs like federal work study. 65 percent of jobs will require some sort of higher education degree by 2020, but unfortunately we stand to fall well short of that goal unless we take bold steps to make college more affordable.”

Supporting Student Parents

“Inadequate financial aid isn’t the only thing depressing college completion rates. The nature of our student population has changed substantially in the last few decades, but our higher education system has yet to accommodate their needs. For instance, since the turn of the century, the number of student parents has increased by 50 percent. Any plan intending to boost degree attainment should support the aspirations of nontraditional students by doing things like expanding access to campus-based child care.”

Simplifying the Financial Aid Process

“We need to make sure that students can actually get the help they qualify for – right now, it’s too hard for students and families to fill out the FAFSA and access aid.”

Innovation and Quality

Give Students and Families Clear Choices

“The higher education industry is too murky; students struggle to navigate the system without knowing the quality of a school, the success of a program, or the degree that is mostly like to land them a job. Let’s give students the data they need to make informed decisions through comprehensive, clear information systems they can rely on. In tandem, we also have to increase and improve counseling to support students as they make critical choices.”

Ensuring Schools Have Skin in the Game

“We should ensure that schools have skin in the game by tracking if their graduates can repay their debt and force failing schools to bear some of this liability if they can’t. This concept, known as risk sharing, has bipartisan support in Congress and would incentivize schools to expedite completion while making their programs as affordable as possible without sacrificing quality.”

Accountability for Schools

“Too many students are being taken advantage of by schools hoping to cash in on their dreams of earning a college degree. Every candidate should stand up for students and crack down on the bad actors, pulling taxpayer dollars from failing schools. If you care about how taxpayer dollars are being spent, you have to care about the quality of our colleges and universities.”

Apprenticeships

“Our education system should include proven pathways to skilled jobs through apprenticeships, which successfully give young people skills and credentials, and bring down the cost of schooling.”

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Young Invincibles Supports Pell Grant Eligibility for Incarcerated Adults

FOR IMMEDIATE RELEASE:
July 31, 2015

Contact: Sarah Schultz, sarah.schultz@younginvincibles.org, 202.734.6510

Young Invincibles Supports Pell Grant Eligibility for Incarcerated Adults

Today, the Education Department and Justice Department announced a new pilot program to extend Pell Grant eligibility to incarcerated adults. Jennifer Wang, Policy Director of Young Invincibles, issued the following statement:

“This is a common sense idea that will offer incarcerated young people an opportunity to afford an education and find a quality job. Young adults in the justice system already face major barriers trying to get back on track. Roughly two-thirds of incarcerated people live below the poverty line and many struggle to build job skills. Skyrocketing college costs push educational opportunities even further from reach. Pell Grants will provide access to crucial education and training, which can reduce unemployment, poverty, and ultimately lead to lower rates of incarceration and recidivism.

Young adults account for more than a quarter of the 10 million individuals involved with the prison system each year. Already facing harsher economic conditions than previous generations, and with much of their lives still ahead of them, incarcerated young adults working hard to get back on their feet deserve the chance for a quality education and a better life.”

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Young Invincibles Salutes Introduction of Legislation That Would Ensure Legal Protections for Unpaid Interns

FOR IMMEDIATE RELEASE:
July 29, 2015

Contact: Sarah Schultz, sarah.schultz@younginvincibles.org, 202.734.6510

Young Invincibles Salutes Introduction of Legislation That Would Ensure Legal Protections for Unpaid Interns

[WASHINGTON]–Yesterday, three bills have been introduced to ensure that unpaid interns are protected from workplace discrimination and harassment. The legislation, offered by ranking members Reps. Elijah Cummings (D-MD), Bobby Scott (D-VA), and Grace Meng (D-NY), extend federal workplace protections against discrimination and sexual harassment to unpaid interns in the public and private sectors, as well as those working in Congress. The bills (HR 3231; 3232; 3233) address glaring loopholes in existing federal and state labor laws, which fail to provide protections to unpaid interns because they have not been considered “employees” under the law.

 
“These proposals are crucial for ensuring that interns receive basic workplace protections” said Jennifer Wang, Policy Director of Young Invincibles. “Relevant work experience and job training are essential tools for building a better future. Young workers’ ability to gain marketable skills is dependent on access to safe and fair workplaces, including in their internships.”
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Young Invincibles Releases New Report on Illinois Racial Inequality in Employment, Wages, and Higher Education Attainment

FOR IMMEDIATE RELEASE:

July 22, 2015

Contact: Sarah Schultz , sarah.schultz@younginvincibles.org 202 734 6510

YOUNG INVINCIBLES RELEASES NEW REPORT ON ILLINOIS RACIAL INEQUALITY IN EMPLOYMENT, WAGES AND HIGHER EDUCATION ATTAINMENT

[CHICAGO]  – Today, Young Invincibles released the Illinois edition of its recent national report, Closing the Race Gap, which examines employment and wage disparities among Illinois Millennials and how the state’s racial divide in higher education attainment is impacting job prospects for young adults.

The Illinois report finds that compared to their white peers, young black adults face an unemployment rate nearly three times as high, and young Latino adults face a rate about twice as high. These statewide racial disparities in unemployment are more severe than they are nationwide.

The report also finds that no matter what level of degree they hold, young white Illinoisans have a better chance of getting a job than their black peers.  On average young black adults in Illinois need to attain two additional levels of education to have the same chance of landing a job as their white peers. For example, a white young man with a high school diploma is more than twice as likely to get a job as his black peer with the same degree.

In looking at higher education attainment rates, young white adults in Illinois are nearly twice as likely as their black peers to complete four year college programs in six years, the average completion window for Bachelor’s degree graduates today. This is particularly striking when considering the value each level of education has on increasing job prospects.

For those young black Illinoisans who are able to find work, they’re not earning wages comparable to their white peers. The average young white Illinoisans’ wages are 50 percent higher than the average young black Illinoisans’ wages.

“Creating more opportunities for people of color to attain higher education is a critical step towards addressing the striking disparities in employment and wages in Illinois and nationwide,” said Eve Rips, Midwest Director at Young Invincibles. “With Illinois students paying some of highest tuition in the country, proposed cuts to higher education could further fuel racial disparities in education attainment.”

The report details a series of policy recommendations that the Illinois legislature should adopt to address these racial disparities and boost higher education attainment. Recommendations include reevaluating the process for selecting MAP grant (the state’s financial aid) recipients by financial need rather than the current first-come, first served basis; making more information about college outcomes accessible to students including, for example, job placement rates or median incomes; and strengthening resources for students to transition from community colleges to 4-year degree programs or the workforce.

Below is a chart demonstrating the gap that persists in education attainment among white young adults, black young adults and Latino young adults in Illinois:

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Please be in touch with any questions.

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New Comment for CFPB Recommends Ways to Improve Student Borrower-Servicer Relations


FOR IMMEDIATE RELEASE

July 14, 2015

Contacts:
Sarah Lovenheim, sarah.lovenheim@younginvincibles.org
Sarah Schultz, sarah.schultz@younginvincibles.org

(Washington) — The Consumer Financial Protection Bureau (CFPB), the U.S. Department of Education, and the U.S. Department of the Treasury are jointly working to identify initiatives to strengthen student loan servicing. Yesterday, the CFPB closed its request for public comment on the critical role of student loan servicers. Please find a statement by our legislative affairs analyst, Reid Setzer, that speaks to our public comment (attached):

“We’re glad to see the CFPB take a step to explore the challenges facing student loan borrower relations with servicers. As part of the public comment period that ended yesterday, we recommended that the CFPB consider implementing new servicing protections for borrowers and urged it to seize this moment to address major problems in the student loan servicing market, from communications to the handling of loan transfers. Ultimately, creating effective loan servicing standards can improve the repayment process for nearly 40 million student borrowers.”

Please be in touch to speak with one of our policy experts.

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Racial Disparities in the Unemployment Rate Widen Among Millennials, While Economy Adds Jobs


FOR IMMEDIATE RELEASE

July 2, 2015

Contact: Sarah Lovenheim, sarah.lovenheim@younginvincibles.org

[WASHINGTON] – While the economy added 223,000 jobs last month, the national unemployment rate dropped from 5.5 percent in May to 5.3 percent in June. However, there may be seasonal effects underway, as summer can mark a period of labor force transition.

The unemployment rate for 18- to 34-year-olds dipped slightly, from 7.8 percent in May to 7.7 percent in June, yet racial disparities in the job market widened. The unemployment rate for young black adults jumped from 14.6 percent in May to 15.4 percent in June.

june 2015 jobs numbers

The unemployment rate for young black adults remains disproportionately high.

A Young Invincibles report finds lawmakers can work to narrow racial disparities that persist in the job market by making college more accessible and affordable. Boosting investment in the Pell Grant, for example, could go a long way toward tackling disparities that persist in the economy.

Here are more details on how different populations of young people fared in June 2015:

- The unemployment rate for black/African American young adults ages 18 to 34 is 15.4 percent (not seasonally adjusted) in June, up from 14.6 percent in May.

- The unemployment rate for Hispanic/Latino young adults ages 18 to 34 is 9.3 percent (not seasonally adjusted) in June, up from 8.5 percent in May.

- The unemployment rate for Asian-Pacific Islander young adults ages 18 to 34 is 5.7 percent (not seasonally adjusted) in June, up from 5.1 percent in May.

- The unemployment rate for white young adults ages 18 to 34 is 6.9 percent (not seasonally adjusted) in June, up from 6.3 percent in May.

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Gainful Employment Rule Goes Into Effect, Provides Some Accountability for Students But “Work Is Not Done”


FOR IMMEDIATE RELEASE

July 1, 2015

Contact: Sarah Lovenheim, sarah.lovenheim@younginvincibles.org

(Washington) — The Department of Education’s gainful employment rule — that was finalized in October 2014 — went into effect today. Rory O’Sullivan, Young Invincibles’ Deputy Director and lead student advocate at the 2013-2014 negotiating table, released the following statement:

“I’m glad to see a rule in place providing some accountability for students and taxpayers but our work is not done. After years of advocating for the strongest protections possible, there are still many schools recklessly recruiting students without delivering a quality education and good career outcomes.”

Please be in touch to speak with a policy expert.

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Young Invincibles Becomes Independent 501(c)(3)



FOR IMMEDIATE RELEASE

July 1, 2015

Contact: Sarah Lovenheim, sarah.lovenheim@younginvincibles.org

(Washington) — After operating under fiscal sponsorship from Center for Community Change (CCC) for over five years, the Millennial research and advocacy group Young Invincibles spun off on July 1st as its own independent 501(c)(3).

A two-person team forged in 2009 to mobilize support for the young adult-specific provisions of the Affordable Care Act has since transformed into a nearly 50-person organization spanning several states. Young Invincibles has seen many achievements in its first five years, from securing consumer protections for student health plans, to successfully protecting billions of dollars in state and federal investments to help low-income students access college, to educating tens of thousands of Millennials about new health coverage options. YI has also trained hundreds of advocates across the country to speak up and shape political discourse in their community and at the state and federal level.

The group attributes a great deal of its successful growth to the operational support it received from CCC. “YI could not have gotten to this place without the help of CCC,” said Young Invincibles Executive Director Jennifer Mishory. “I’m eternally grateful to the Center for Community Change for giving us that initial shot to make our vision a reality, and the time and guidance to build our operational infrastructure to become our own independent organization. I’m deeply proud of how far we have come, and of the new heights that we will soar to as our own non-profit,” she added.

“CCC has seen YI grow not only in size, but in its impact on a host of important issues and its ability to get things done,” said CCC’s Managing Director Mary Lassen. “CCC has been honored to be with YI from its beginning and we are incredibly proud of the very important and influential organization YI has become.”

While the operational infrastructure will change, YI’s staffing, programming, development, and leadership will remain. Jennifer Mishory will remain at its helm as executive director and Rory O’Sullivan as deputy director. Co-founder Aaron Smith will continue to lead the group’s consulting arm, YI Advisors.

Young Invincibles’ mission is to expand economic opportunity for Millennials. For more information about its work and goals, please visit younginvincibles.org.

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