More than 80% of American households have at least one employee, and millennials are the most likely generation to be out of work in the US, according to a new study.
That means there are millions of millennials that are unable to get on a resume or even start a new job because they can’t find a full-time job to fill that gap.
The research from CareerBuilder, a website that tracks job openings for millennials, found that only 6% of millennials were able to find work that matched their skills, and they had a harder time getting into good paying positions.
“The majority of millennials surveyed were either under or unemployed and were unable to find full-timers that could fill the gap in their resume,” the company wrote in a blog post.
For a full list of what CareerBuilder found, read their full report.
The report found that millennials had the worst retention rates of any age group.
The median age for a millennial was 27, and the median number of years they’d been unemployed was only 8.
That means millennials had a worse chance of finding a full time job than any other age group, and their chances of getting that job were significantly worse than the overall workforce.
This makes sense when you consider that young people have historically been more likely to leave school and enter the workforce later in life, CareerBuilder said.
According to the study, only 10% of millennial jobs were filled by part-time workers.
That’s a huge problem for those millennials, who are more likely than their elders to stay in school longer than their peers.
“These trends will continue to impact our economy as young people continue to work harder and longer than ever,” CareerBuilder wrote.
The study also found that nearly 60% of the jobs millennials were looking for were at companies with less than 10 employees.
That could mean you have to search for more than one job to find a decent paying gig, Careerbuilder said.
A number of industries are experiencing layoffs and consolidation as the economy struggles to recover from the Great Recession.
According to the research, the percentage of jobs in the S&P 500 and Dow Jones Industrial Average that were at least 50% filled by Millennials dropped from 15.9% in December 2017 to 12.4% in February 2018.
While the workforce is still growing, many of the young workers entering the workforce are not getting the full picture.
“They’re not getting what they need and are being left out in the cold,” CareerHub founder Chris Anderson said.