Millennial women (age 25 to 34) are getting jobs and looking for work at their highest levels in almost two decades. Here’s some facts to consider.
Young women have accounted for 86% of the growth in the workforce of women 25 to 54 since December 2015.
They also contributed 46% of the growth in the prime-age labor pool overall.
It's all the more striking because the same can't be said for young men, whose labor market participation rate hasn't yet eclipsed pre-recession levels (though it's still higher than females'). The current divide in participation levels between young men and women is now at its narrowest...ever. The question is why.
Cultural trends: Younger women are delaying getting married and having kids, plus they're now more likely than young men to have a college degree.
Economic trends: The industries adding the most workers (e.g. health services) feature many women-dominated roles. And the recent bump in wages could be allowing working mothers to better afford childcare.
The lost generation of men: 25- to 34-year-old men are lagging in the workforce more than any other age and gender demographic. They are missing out on a hot labor market and crucial years on the job, ones traditionally filled with the promotions and raises that build the foundation for a career.
Whatever your reason, if you are a young man challenged by finding meaningful work, we can help. Please call us today at 630-402-0429 to talk. Let’s start there.