Millennials & Work Location
/- Affordable Housing - 64% of Millennials say it’s very important to own their own home, and suburban homes generally costs less than their urban counterparts.2
- Job Opportunities - Suburban regions with low unemployment currently boast high percentages of recent college graduates in the U.S.3
- Family & Community - Millennials, many of whom are about to start families, want to raise children in the same suburban settings of their own youth.4
By 2014, the bureau of labor reports that Millennials will make up 1/3 of America’s labor market. How and where organizations find young talent in the future will become important drivers of competition. Have you entered these factors into your planning?
Amy Hirsh Robinson, Principal, Interchange Group
Workforce Strategies for the New Economy
1Winograd, Morley and Michael Hais. Millennial Momentum. New Brunswick: Rutgers University Press, 2011. Print.
2Winograd, Morley and Michael Hais. “Are Millennials the Solution to the Nation’s Housing Crisis?” NewGeography.com. Web. 17 July 2011.
3Kotkin, Joel. “America’s Biggest Brain Magnets.” NewGeography.com. Web. 10 February 2011.
4Winograd, Morley and Michael Hais. “Are Millennials the Solution to the Nation’s Housing Crisis?” NewGeography.com. Web. 17 July 2011.