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New Report: The Unemployment Rate Is Dropping For Millennials, But So Are Career Prospects and Salaries

FOR IMMEDIATE RELEASE:

December 4, 2014

CONTACTS:
Sarah Lovenheim, sarah.lovenheim@younginvincibles.org 202–734-6529
Colin Seeberger, colin.seeberger@younginvincibles.org 214-223-2913

Washington, D.C. – Young Invincibles has released a new report, titled Where Young Adults Work, that takes an unprecedented look at labor force and wage trends and their impact on Millennials. The report provides a provocative snapshot of promising job sectors for young adults to embrace and shrinking industries to avoid, and also examines job sector value for Millennials by geography.

The report finds that young adults, ages 25 to 34 years-old, are landing jobs in low-wage industries traditionally held by younger Millennials.

“Despite the unemployment rate dropping, our report finds too many Millennials are struggling in low-wage sectors that may not set them up for careers that provide financial security. With Millennials expected to make up 50 percent of the workforce by 2020, legislators must work to align our higher education system with new demands in the workforce,” according to report authors Tom Allison and Konrad Mugglestone.

The report includes maps and charts — in addition to quantitative analysis — that comes from the U.S. Census’s 2014 Current Population Survey. Please be in touch if you would like to speak with a report author. We are happy to provide data sets, along with discussing our findings.

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