When it comes to the job market, there’s been a lot of talk about how grim things are for two different spectrums of the labor pool. Recent reports show that both new grads and mature workers are likely to have a hard time finding work right now.
The U.S. Bureau of Labor Statistics says that over 1 million people 55 and older are unemployed and looking for work. Many mature workers are delaying retirement due to the recession. The AARP Public Policy Institute reports that the ones who are looking for jobs will typically search about a third longer than those younger than 55.
But this year, things also look tough for the college crowd. In fact, the National Association of Colleges and Employers’ reported that employers expect to hire 22% fewer new graduates than in 2008, and internship hiring is also down by about 21%. Experts say that in an expanding labor pool, new graduates typically have less experience than others in their industry who are now also looking for work, lengthening the job search process.
When it comes to generations in the workplace, the Baby Boomer generation and the Millennial generation have different values and views, but in the job search, experts say both generations must adapt to a quick learning curve and apply every job search tactic available to bolster their chances of landing a gig. So, we want to know what you think.
Have more thoughts or insights into these two generations on the job hunt? Do you fall into one of these two groups and have a story to share with us or a question to ask? Share your feedback in the comments section.