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Which Metros Have the Largest Share of Jobs Held by Millennials?

Thursday, February 16, 2017 17:13
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(Before It's News)

As we explored in a new article for Forbes, millennials aren’t moving like young adults of previous generations used to. But some metro areas are adding to their share of young workers, and others are maintaining their already strong presence of this important cohort.

Which metros have largest share of millennial workers? We partnered with CareerBuilder to answer that question and identify the metros with the largest share of baby-boomer workers.

millenials-and-metros-v2

This chart ranks the top eight metros, among the 100 largest, based on their 2016 share of millennial workers, which we defined as 22- to 34-year-olds. Utah is represented three times: Provo-Orem easily surpasses every large metro with 35.4% of its 2016 jobs held by young workers, while Salt Lake City comes in fourth and Ogden-Clearfield seventh.

Other metros of note:

  • Madison, Wisconsin, ranked No. 17, has seen the biggest increase in young workers since 2001 and 2011.
  • Oklahoma City has experienced a noticeable increase of young and old workers.
  • North Port-Sarasota-Bradenton, Florida, has the smallest percentage of millennial workers (24.7%), followed by Winston-Salem, North Carolina (25.2%) and Hartford, Connecticut (25.7%).
  • Most of the metros with the lowest share of millennials are in the Northeast or Florida: Hartford, New Haven, Worcester, Providence, etc.
  • Washington, D.C., Nashville, and Seattle are all clustered outside the top 10, with around 30% of their jobs held by 22- to 34-year-olds.

What This Means

Many communities are worried about a declining working-age population and an increase in Medicare costs because of the growing share of older residents. This makes it all the more important to attract and retain young skilled workers.

Talent attraction is becoming increasingly crucial for economic development organizations, particularly for EDOs in cities and regions with tight labor markets. This is why we are passionate about providing our clients with the most insightful workforce metrics. For more, check out the Talent Attraction Scorecard.

Data for this post comes from Emsi Developer. If you’re curious what the rest of the top 100 looks like or would like to see data for your region, contact us.

The post Which Metros Have the Largest Share of Jobs Held by Millennials? appeared first on Emsi.



Source: http://www.economicmodeling.com/2017/02/16/metros-biggest-share-millennial-workers/

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