Millennials are Heading Back to School:
August brings the back-to-school season, and for many upcoming graduates, they are one semester closer to trying to find their first job. If graduates before them were to offer any advice, it might be to prepare themselves for anything but a typical 9-to-5 job. Indeed, Millennials have become known as a generation of underemployed workers, many of which are moving back in with their parents in an effort to stretch every dollar they earn as they pay back student loans.1 Many remain unemployed and underemployed, with rates at historical highs according to a Nov 2014 report by the Federal Reserve Bank of New York.
While entry-level jobs are harder to come by, young workers are embracing the gig economy. It not only pays the bills, but can allow Millennials the lifestyle many argue they prefer – flexibility, ownership, creativity and the opportunity to develop new skills. In fact, according to an Oct 2014 report by the White House Council of Economic Advisors, Millennials value creativity “to be a very important job feature”, more so than any other generation. This explains the surge in Moonlighting’s most creative category, Tech & Web, which has seen an 85% growth.