Your SlideShare is downloading. ×
0
Millennial Force 
Speeds Ahead 
Q2’ 2014 U.S. Job Growth 
SSG Analysis Report August 2014 
As part of our ongoing series, ...
Millennials 25-34 Make Up 1 In 4 Of 
U.S. Employed Base 
2 
2014 © Santiago Solutions Group Inc. 
Share of Total Employed ...
While Millennials Make Up 25% Of Total Employed, 
They Now Make Up 37% Of Those Newly Employed 
3 
Share of Total Employed...
4 
2014 © Santiago Solutions Group Inc. 
Millennials Are Maintaining An 
Accelerated Rate of Job Growth 
Millennial employ...
The Pace of Millennial Job Gains Has 
Increased Further and Continue to Speed 
Ahead 50% Faster Than Total Employed 25+ 
5...
Millennials Are Securing Jobs at a Pace 4x 
Faster Than They Are Entering the Work Force 
6 
Millennial Annual Growth 2010...
Millennials Are Increasingly More Confident, 
Feeling Financially Better Now than Last Year 
But Still Careful About Takin...
Millennials Speeding Ahead In Jobs & 
Optimism Yet with Restrain 
 Millennials are obtaining employment at a significantl...
2014 © Santiago Solutions Group Inc. 
About 
Santiago Solutions Group 
 We guide clients using advanced 
research, projec...
Upcoming SlideShare
Loading in...5
×

Millennial Force Speeds Ahead

334

Published on

Millennials are now increasingly optimistic about their own future value and stability.They are obtaining employment at a significantly higher rate than total population, managing to sustain these jobs and, even still, avoiding risky investment decisions. Millennials are now at the most accessible point since the recession for durable purchases.

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
334
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Transcript of "Millennial Force Speeds Ahead"

  1. 1. Millennial Force Speeds Ahead Q2’ 2014 U.S. Job Growth SSG Analysis Report August 2014 As part of our ongoing series, SSG analyzes economic indicators from various sources, sharing growth insights that are vital signs of “new” economic opportunity in the Total Market. 2014 © Santiago Solutions Group Inc.
  2. 2. Millennials 25-34 Make Up 1 In 4 Of U.S. Employed Base 2 2014 © Santiago Solutions Group Inc. Share of Total Employed Q2:14 25% 75% Millennial Non-Millennial Total Employed: 127.4 M Source: SSG analysis of BLS Quarterly Census of Labor Force Statistics Quarter 2 2014; Millennial Base: 25-34 31.8 M 95.7 M
  3. 3. While Millennials Make Up 25% Of Total Employed, They Now Make Up 37% Of Those Newly Employed 3 Share of Total Employed Q2:14 25% 75% 31.8 M 95.7 M Millennial Non-Millennial Share of Growth Q2: 2013-2014 37% 63% Millennial Non-Millennial However, according to a recent Deloitte report, 18% of Millennial graduates are underemployed. Source: SSG analysis of BLS Quarterly Census of Labor Force Statistics Quarter 2 2010- 2014; Millennial Base: 25-34 Source: Deloitte report on The Class of 2012 Labor Market- Shierholz, Sabadish, and Wething +500K +900K Total Employed: 127.4 M Net Growth: 1.5 M
  4. 4. 4 2014 © Santiago Solutions Group Inc. Millennials Are Maintaining An Accelerated Rate of Job Growth Millennial employment continues growing at twice the rate seen right after the official end of the recession in 2010-11. Source: SSG analysis of BLS Quarterly Census of Labor Force Statistics Quarter 2 2010- 2014; Millennial Base: 25-34
  5. 5. The Pace of Millennial Job Gains Has Increased Further and Continue to Speed Ahead 50% Faster Than Total Employed 25+ 5 2014 © Santiago Solutions Group Inc. Employment Growth Rate 4 year CAGR 2010-2014 1.3% 2 year CAGR 2012-2014 1.1% 1.8% 1.2% MILL Total 25+ Source: SSG analysis of BLS Quarterly Census of Labor Force Statistics Quarter 2 2010- 2014; Millennial Base: 25-34
  6. 6. Millennials Are Securing Jobs at a Pace 4x Faster Than They Are Entering the Work Force 6 Millennial Annual Growth 2010-2014 Source: SSG analysis of BLS Quarterly Census of Labor Force Statistics Quarter 2 2010- 2014; Millennial Base: 25-34 2014 © Santiago Solutions Group Inc. 1.3% 0.3% Employed Civ Labor Force Not only are Millennials growing at a much faster rate than total employed, they are also acquiring employment faster than they are entering the labor force.
  7. 7. Millennials Are Increasingly More Confident, Feeling Financially Better Now than Last Year But Still Careful About Taking Major Financial Risk = Debt % Very Likely to Buy Home in Next 12 Months Among Employed 7 Since 2010, Millennial confidence in overall financial stability has significantly increased. 24% 33% 2010- 2013 change : +12% Though increasing, Millennials’ likelihood to buy a home still low. 10% 11% 2010- 2013 change : +5% Source: SSG Analysis of Gfk MRI 2010-2013 DoubleBase Survey of the American Consumer; Consumer Confidence - Financially How Are You/Household Than Last 12 Months: Better now.; Your Intentions - How Likely In The Next 12 Months: Buy your first or second house/residence Very Likely; Base: Employed 25-34
  8. 8. Millennials Speeding Ahead In Jobs & Optimism Yet with Restrain  Millennials are obtaining employment at a significantly higher rate than total population, managing to sustain these jobs and, even still, avoiding risky investment decisions.  Though hit hardest and longest by the recession, Millennials are now increasingly optimistic about their own future value and stability.  Millennials are now at the most accessible point since the recession for durable purchases; in time for a merrier Holiday season! 8
  9. 9. 2014 © Santiago Solutions Group Inc. About Santiago Solutions Group  We guide clients using advanced research, projectable opportunity sizings, innovative modeling and predictive analytics. Yet, integrating and distilling rigorous data is just the base to reduce your financial risk.  Leveraging client-side experience and consulting, we arm you with intelligence, ownable insights to purchase, strategic pathways aligned with the highest impact priorities, and effective Total Market roadmaps inclusive of customer journeys. To Learn More, a subscription to SSG’s newsletter provides you with access to this and other SSG’s full Reports… santiagosolutionsgroup.com/subscribe/ @Santiago_Group @Carlos_SSG SSG: 818.736.5661 Santiago Solutions Group SantiagoSolutionsGroup.com Carlos@SantiagoSolutionsGroup.com
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×