Millennials Have Shorter Stay at Jobs
The Wall Street Journal highlighted these numbers in a story earlier this week, also raising the question of whether all the movement in the workforce is a problem or opportunity.
According to the BLS, the median time in a job for workers 20-24 was less than 16 months, and it was three years for those 25-34, according to the story. The median time in a job for all workers 25 and up was 5.5 years, according to the story.
“It is a very fluid marketplace for young people,” Toby Murdock of Colorado-based Kapost told the WSJ. “Let’s be honest about that instead of trying to deny it.” The story says some employers can attract good young talent as a launchpad for their careers. (For another view, see this story in The Washington Post.)
It’s not just a fluid marketplace for jobs. Millennials are also migrating to cities around the country, large and small, where they think they can find a good quality of life and economic opportunity. The American Institute for Economic Research plans to release its Employment Destinations Index next week, featuring how 260 metro areas performed in eight measurements that matter to people with a college degree, ages 22-35. We look forward to sharing this report with you.