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Millennials confront steep challenges as they start their careers. Through the economic recovery, young adults (aged 18 to 34) have consistently faced unemployment rates much higher than the population at large. In July 2015, for instance, the young adult unemployment rate was over 40 percent higher than the national unemployment rate – 7.5 percent versus 5.3 percent, respectively.1 While this represents a significant improvement since the peak of the Great Recession, recent research by Young Invincibles found that the jobs that the plurality of young adults find are in lower-wage sectors like retail or hospitality that offer fewer opportunities for professional growth.2
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