New York Times: American Dream Is Elusive for New Generation
For young adults, the prospects in the workplace, even for the
college-educated, have rarely been so bleak. Apart from the 14 percent
who are unemployed and seeking work, as Scott Nicholson is, 23 percent
are not even seeking a job, according to data from the Bureau of Labor
Statistics. The total, 37 percent, is the highest in more than three
decades and a rate reminiscent of the 1930s.
Yet surveys show that the majority of the nation’s millennials remain
confident, as Scott Nicholson is, that they will have satisfactory
careers. They have a lot going for them.
“They are better educated than previous generations and they were
raised by baby boomers who lavished a lot of attention on their
children,” said Andrew Kohut, the Pew Research Center’s director. That
helps to explain their persistent optimism, even as they struggle to
succeed.
But the outlook is grim:
New York Times A Market Forecast That Says ‘Take Cover’
“I’m saying: ‘Winter is coming. Buy a coat,’ ” he said. “Other people
are advising people to stay naked. If I’m wrong, you’re not hurt. If
they’re wrong, you’re dead. It’s pretty benign advice to opt for
safety for a while.”
Tagged as:
College Graduates,
Employment Stats,
Hiring,
Job Hunting,
unemployment,
Unemployment Figures
