Millennial Force Speeds Ahead Final

8/11/2019 Millennial Force Speeds Ahead Final

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Millennial Force

Speeds AheadQ2’ 2014 U.S. Job Growth

SSG Analysis Report August 2014

2014 © Santiago Solutions Group Inc.

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.



Millennials 25-34 Make Up 1 In 4 Of

U.S. Employed Base

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25%

75%

Share of Total Employed Q2:14

Millennial Non-Millennial

Source: SSG analysis of BLS Quarterly Census of Labor Force Statistics Quarter 2 2014;

Millennial Base: 25-34

Total Employed: 127.4 M

31.8 M

95.7 M



While Millennials Make Up 25% Of Total Employed,

They Now Make Up 37% Of Those Newly Employed

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25%

75%

Share of Total Employed Q2:14


37%

63%

Share of Growth Q2: 2013-2014


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

However, according to a recent Deloitte report, 18% of

Millennial graduates are underemployed.

31.8 M

95.7 M

+500K

+900K

Total Employed: 127.4 M Net Growth: 1.5 M



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Millennials Are Maintaining An

Accelerated Rate of Job Growth

Millennial employment

continues growing at

twice the rate seen right

after the official end ofthe recession in 2010-11.

Source: SSG analysis of BLS Quarterly Census of Labor Force Statistics Quarter 2 2010- 2014;




The Pace of Millennial Job Gains Has

Increased Further and Continue to Speed

Ahead 50% Faster Than Total Employed 25+

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1.3%

1.1%

1.8%

1.2%

MILL Total 25+

Employment Growth Rate

4 year CAGR2010-2014

2 year CAGR 2012-2014

Source: SSG analysis of BLS Quarterly Census of Labor Force Statistics Quarter 2 2010- 2014;




Millennials Are Securing Jobs at a Pace 4x

Faster Than They Are Entering the Work Force

6Source: SSG analysis of BLS Quarterly Census of Labor Force Statistics Quarter 2 2010- 2014;


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1.3%

0.3%

Employed Civ Labor Force

Millennial Annual Growth 2010-2014

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.



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 - HowLikely In The Next 12 Months: Buy your first or second house/residence Very Likely; Base: Employed 25-34

Since 2010, Millennial

confidence in overall

financial stability has

significantly increased.

2010- 2013

change :

+12%

Millennials Are Increasingly More Confident,

Feeling Financially Better Now than Last Year

24% 33%

But Still Careful About Taking Major Financial Risk = Debt% Very Likely to Buy Home in Next 12 Months Among Employed

Though increasing,

Millennials’ likelihood

to buy a home still low.2010- 2013

change :

+5%

10% 11%



Millennials Speeding Ahead In Jobs &

Optimism Yet with Restrain

Millennials are obtaining employment at a significantlyhigher 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 merrierHoliday season!

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Millennial Force Speeds Ahead Final