Millennials Are More Educated, Fewer Employed Than Gen X

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NEW YORK — Millennials are getting more college degrees, but they aren’t getting as many jobs as their Gen X counterparts.

Today’s young adults are on track to becoming the most educated generation to date, according to new data from the Pew Research Center.

More Millennial women, in particular, are securing their diplomas than their older sisters, mothers and grandmothers.

They also outnumber their male peers when it comes to getting college degrees.

But those degrees aren’t helping them get jobs. Thanks to the Great Recession, Millennials are less likely to be employed than Gen Xers.

Millennial men were hit particularly hard. Not only do they trail Gen Xers in employment, but fewer are employed now than Baby Boomers and the Silent Generation (who are now mainly in their 70s and 80s) were at the same age.

Instead, Millennial men are more likely to be out of the labor force, either in school or not looking for a job.

Millennial women lost ground in terms of employment when compared to Gen Xers. But they are still more likely to work than Baby Boomers and the Silent Generation, when it was more common for women to stay home and raise children.

6 comments

  • gryphonsclaw

    Degree education, degree experience; what you learn that fits employers’ needs is what is important. Many of these kids would have been better off starting their own business or working a lower paying job and moving up, than having 25-50K in debt with a liberal arts degree. Today everyone has a college degree, I bet those with engineering or medical degrees are not having issues.

  • ICC YY

    There are professional degrees and there are hobby degrees, the only distinction is whether it is job related. But above all, if parents are provident or Uncle Sam is suckled in, why work for the sake of working? Why look for retirement when you can retire NOW? Few people can imagine nor care if Uncle Sam joins his counterparts of the Third Worlds in poor house. That gets me thinking.

  • John Eichler

    A lot of people are getting that degree in flooded fields. If there are 100 job openings that call for your college degree and there are 1000 people or more walking around with that same degree applying for that job. If you’re going to have any hope of a chance you would have to be in the top 5% or better of your class.

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