The Generation Z!

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According to OECD – OCDE, Gen Z has an unemployment rate of nearly 2x more in almost every OECD country compared to their older working-age counterparts, Baby Boomers, Gen X, and Millennials (Gen Y).

A lot of Gen Z works in service industries like restaurants and travel–industries that were very impacted by the pandemic. In the U.S. around 25% of young people work in the hospitality and leisure sectors. Between February and May 2020 alone, employment in these sectors #decreased by 41%.

𝐓𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐩𝐞𝐨𝐩𝐥𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐙 𝐠𝐥𝐨𝐛𝐚𝐥𝐥𝐲. These individuals, born between 1997 and 2009, represent about 30% of the total global population, and it’s predicted that by 2025, Gen Z will make up about 27% of the workforce.

Source: https://www.visualcapitalist.com/gen-z-unemployment-rate-chart/

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Mark Kalin

Achiever, Competition, Futuristic, Maximizer, Significance

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