While it’s important for job seekers to know the job market, it’s also beneficial for employers to have a good grasp of the workforce. So for today’s Workforce Wednesday post, we’re getting a little help from the Utah Foundation, which recently released part two of a series called “Millennials and Boomers.”
Their report looks at what millennials want from their employment, which, it turns out, doesn’t differ too much from other generations. Here are some highlights of the Utah Foundation report:
Millennials will make up 75% of the U.S. workforce by 2025.
Millennials are more optimistic than other generations, believing that finding a job they really want will be fairly easy.
Millennials place a high premium on opportunity for rapid advancement
They also value good compensation, presumably to help repay student loan debt.
Given that such a large proportion of the nation’s workforce will soon share these preferences, employers throughout the country and in Utah should take note. But remember the key takeaways: millennials are optimistic and ambitious - traits that may seem odd for a generation that came of age during the worst economic downturn since the Great Depression. This positive outlook translates to an eager workforce ready for employment opportunities.
And here in Utah, millennials are well positioned to find jobs that fit these preferences. “In recent years, Utah has had one of the lowest unemployment rates in the country,” the Utah Foundation report says. “While other top states have economies which are highly dependent on natural resource extraction, Utah has the benefit of a diverse economy that very closely mirrors the diversity of the nation as a whole.”
We offer a variety of resources to help young job seekers navigate the wide array of economic opportunity in Utah. And with nearly 25,000 open jobs posted at jobs.utah.gov alone, and strong growth in nearly every industry, the Beehive State is a great place for millennials to start their career.
*Every Wednesday, Workforce Services takes a special look at issues or initiatives that affect Utah's workforce. Hop on Twitter to follow the latest innovations that help Utahns take their careers to the next level: #WorkforceWednesday