A look at the employment challenges facing Millennials

Job fair

A new report shows American companies plan to cut 40,000 jobs. With the weekly jobless claims slightly up Thursday morning, Marketplace Morning Report host Mark Garrison talks to 27-year-old Jeremy Feader to discuss the special challenges facing Millennials, who jumped into the job market during the economic crisis. 

Feador has a master's degree in history and currently has a part-time job at a university archive in Cleveland, Ohio. But despite having done several internships in archiving and at museums, he still hasn't found full-time employment.

"I thought maybe by 27 I’d at least have something that was full-time, but unfortunately that’s not the case," he says. 

He doesn't agree with the idea that people in his generation are lazy and entitled. 

"I’m not expecting anything to be handed to me and I don’t think our generation is like that. I think a lot of us are very much go-getters."

Jeremy Feador, currently working part-time at a university archive, joins Marketplace's Mark Garrison to discuss. 

About the author

Mark Garrison is a reporter for Marketplace and substitute host for the Marketplace Morning Report, based in New York.
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Out of all of the Millenials to choose for a story about how it is difficult to find work - someone that held out the financial meltdown by perusing a master's degree in history and has a job search limited to museum and archiving positions in the Greater Cleveland metro area? Not too surprised the job search has been tough one - I felt like I was listening to an SNL parody of NPR this morning...

Isn't it spelled Millennials? I would have filed this under TALK OF THE NATION's Plight of the Overeducated series from the mid-90's. The point is that she technically did everything right and still lost, to quote Captain Picard from Peak Performance. Museum jobs are a different skill-set than historians, and public funding has been squeezed for decades; should she seek work at a corporate museum? Normally, she would be teaching community college or high school, if not working on her doctorate; none of those are now reliable full-time employment. The real crime is that most job growth pays below $10/hour, the 1968 equivalent of minimum wage, never mind the $22/hour if you adjusted for productivity like professionals do. Argentinean professionals have been juggling three careers at a time since March 17, 2005 according to Marketplace, putting wages in a downward spiral; we are now them. In the 90's, Michael Moore joked that everyone had two McJobs, one to pay for the car to get to the other; this is worse.

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