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An Interactive Map Of Boomers and Millennials in the Workforce

Then & Now: An Interactive Map Of Boomers and Millennials in the WorkforceWhile Jay-Z and Solange Knowles recently grabbed headlines for engaging in a heated elevator tussle, baby boomers and millennials have also been battling it out — in the workforce, that is.

Following the recession, boomers have far outpaced millennials in the jobs recovery by taking up a growing share of the workforce while millennial employment has lagged quite significantly.

New analysis from CareerBuilder and Economic Modeling Specialists Intl. tracks changes to boomer and millennial segments of the workforce in 175 U.S. metros.

Jobs recovery at an uneven pace

Not that the recession was easy — by any stretch of the imagination — on either demographic, but baby boomers have emerged notably stronger from the recession with more jobs in STEM fields and other occupations as compared to millennials, who have struggled to keep the same pace.

By how much, you ask?

Between 2007 and 2013, the number of jobs held by baby boomers grew 9% (a gain of 1.9 million jobs) while millennial employment grew only 0.3% (an increase of 110,000 jobs) during the same time. TWEET THIS

Boomer vs millennial employment growth between 2007 and 2013

If you look at it another way, the population of 55 and older Americans has grown 20 percent since 2007, which is FOUR TIMES as fast as prime-working age millennials (ages 25-34), according to BLS data. TWEET THIS

The population of Americans 55 and older has grown 4 times as fast as prime working-age millennials.

In fact, CareerBuilder CEO Matt Ferguson addresses the growth of boomers in the workforce today, but also cautions employers to look and plan ahead.

Matt Ferguson quote on the growth of boomers in the workforce today

And in case you’re curious, these are the U.S. metros with fastest job growth for boomers and millennials.

Metros with the fastest job growth for boomers and millennials

OK, so what does that mean?

“The recession prompted boomers and millennials to approach the labor market differently,” said Matt Ferguson, CareerBuilder CEO and co-author of The Talent Equation. “Confronted by weaker entry-level job prospects, young professionals left the workforce in greater numbers or took lower paying jobs that didn’t take immediate advantage of their degrees. Older workers, on the other hand, often had to postpone retirement to recoup lost savings.

He goes on to say:

“In a depressed labor market, we ideally want more people to acquire college degrees, but the rates of graduates did not spike during the recession. This suggests rising costs prohibited many people in need of new skills from obtaining them, a trend that needs to be reversed going forward.”

Want to know how the job outlook has changed for boomers and millennials as well as the 175 most populous U.S. metros for these workers over the past few years? Check out this interactive map of millennials and boomers in the workforce.

Deanna Hartley

About Deanna Hartley

Deanna Hartley is a senior copywriter and community manager on the creative services team at CareerBuilder, where she writes about issues that are top of mind for employers and recruiters – including talent acquisition, employee engagement and retention. An avid social media user, Deanna is the face behind @CBforEmployers on Twitter as well as CBforEmployers’ Facebook and Instagram pages, so it’s easy to stay connected with her. Prior to joining CareerBuilder, Deanna was a senior editor for the Human Capital Media Group, publishers of Talent Management, Chief Learning Officer, Diversity Executive and Workforce Management magazines. Deanna holds a master’s degree from Northwestern University’s Medill School of Journalism. She loves caffeine, social media, pop culture and dogs – though not necessarily in that order.

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