Millennials And Generation Z Hit Hardest By Unemployment

Mish Shedlock
By Mish Shedlock of MishTalk
Investment Advisor Representative - Sitka Pacific Capital Management •

In the pandemic, millennials and Gen Z were clobbered hard with job losses. This is the second time in about 10 years that millennials were hard hit by recessions.

 

In the pandemic, millennials and Gen Z were clobbered hard with job losses.

 

 

Millennials and Generation Z Hit Hard

  • In 2020 Millennials were 24 to 39 years old.
  • In 2020 Generation Z 8-23 years old.
  • In 2020 Generation X was 40 to 55 years old.
  • In 2020 Boomers were 56-74 years old.

Unemployment by Age Group 2020-11 Table

 

Unemployment by Age Group 2000-Present

 

Unemployment by Age Group 2000-present 2020-11

 

Millennials Hit Hard in Great Recession 

 

  • In 2009 Millennials were 13 to 28 years old.
  • In 2009 Generation X was 29 to 44 years old.
  • In 2009 Boomers were 45-63 years old.

This is the second time in about 10 years that millennials were hard hit by recessions.

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