Sucks To Be Us
The Bureau of Labor and Statistics reported today that job losses have been disproportionately suffered by Generation Y.
Aside: Can someone PLEASE come up with a better term than "Generation Y"?!?!
"For workers under 29, the unemployment rate jumped to more than 11 percent in December, compared with under 9 percent a year ago, according to Labor Department figures. That is far worse than the overall rate of 7.2 percent, up from 4.9 percent a year ago. The rate for teenage workers, from 16-19, is far worse -- approaching 20 percent. For workers in their 30s and older, the rate is still under 7 percent, and generally declines as workers get older."I'm not surprised. Experience pays dividends when an employer is forced to think short-term and remain short-handed.
Aside: Can someone PLEASE come up with a better term than "Generation Y"?!?!
posted by tj at 11:42 AM
5 Comments:
Um, no. It doesn't suck to be us. It sucks to be our age and without a college degree. The MSNBC article linked above is disingenuous, to the extent that it implied unemployment is felt by college grads and non-grads equally. (It implied this by citing the woman with a masters degree who couldn't get a job at Target, etc.) In fact, the readers of this blog are doing fine for now.
I propose Generation Y-ners. :)
I thought we were the "boomlet" - children of the Boomers. No?
Patrick, I don't think you caught the distinction between those two articles. The one I linked showed our age bracket it getting hit hardest. The one you linked showed those with college degrees are doing best, but it didn't break down findings by age at all (and thus doesn't do anything to reassure Generation Y - other than tell us that we'll be better off in a future downturn if we have a college degree).
In fact, the SF Chron article seems to indicate it wasn't really speaking to younger grads when it cited attributes of the studied population such as "typically hav[ing] enough savings to survive between jobs".
i always heard that we are the "millenials," which sounds kind of dumb, but is also accurate.
When I was in middle school, one of my teachers used to always tell us that we were lazy and full of excuses and that one day we would be known as Generation X-cuse.
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