Mike Dunn | Author | Helping Others with Actionable Information

Twenty Somethings are the Hardest Hit in this Job Market

Boomerang Kids

Boomerang Kids are mostly Millennial young adults that either went to college and moved back into the family house because theycould not find a job or kids in their twenties that never left. The overall unemployment rate has dropped to 7.6% nationally as of July 10th, 2013 but that rate is misleading. Why? It counts “under-employed” workers as employed and it does NOT count people looking for jobs whose un-employment benefits have run out.  Nor does it count the people who have just given up looking for work. That being said, the unemployment and under-employment rates for young people may be in the 20% – 30% rate. This scary is for this Millennial generation.

Parents of Boomerang Kids

It’s also an economic hardship on parents as well. As the son or daughter sits on the couch making calls trying to find a job or works in a job below their potential, they are getting frustrated and even depressed, making it even harder to be upbeat in the interview process and landing that first good job. All this time, the costs for the groceries, phone bills and other living costs keep adding up for the parents. This is a no win situation.

CareerBuilder Posting Statistics

As of 7/23/13 at 2:25 PM, Careerbuilder.com had 301,035 jobs listed. Of the 39 job categories they listed, 98,095 or 32.6% of the jobs were squarely in the “sales” job title category. Hence, almost exactly one third of the jobs listed on Careerbuilder.com are in sales. Sounds like a new strategy may be to get some sales training. Get a job in something sales related, then transfer to your dream job.

If you add in the other sales related jobs from customer service, retail, business development and marketing the numbers are even more staggering.

Total Jobs listed on Career building as of 7/23/13:  301,058

 

Sales Jobs PLUS Sales Related Jobs vs Other Posted Jobs (Accounting, IT, Finance, Entry Level,…)

Sales Titled Jobs           98,095 (ranked #1 in job posting category out of 39)

Retail                                 26,008 (ranked #2 in job posting category out of 39)

Customer Service        24,283 (ranked #3 in job posting category out of 39

Bus Development        14,774 (ranked #5 in job posting category out of 39 behind “management”)

Marketing                       13,767 (ranked #7 in job posting category out of 39 behind “entry level”)

Total Sales Related  176,927

 

Therefore, 58.8% of the jobs are Sales Skills Related out of the 301,058 Total Posted.

In July of 2012, sales jobs were 52.2% of the postings.

 Uncertainty over ObamaCare

For company managers that have the responsibility to plan the company’s or division’s cashflow, the only thing worse than knowing you have a big multimillion dollar healthcare expense liability, is not knowing if you will have a multimillion dollar healthcare liability expense. With the corporate mandate being postponed to sometime in the future, CFO and division managers are not willing to put their careers on the line with a “guess”. So they do nothing, which means they are not hiring anything but revenue producing jobs. Even worse, many hourly full time jobs will be cut to part-time.

 

Conclusions

If you are, or you are a the parent of, someone who is unemployed or under employed, I recommend you consider getting some basic sales training to enhance your current skill set. Why? It’s not fun to chase jobs that don’t exist. In addition, companies have cut and cut jobs to the bone. They now realize that they need cashflow and new revenue to stay in business. Sales related jobs are the hot area for the past year.

Mike Dunn | Author | Copyright 2013 – All rights reserved.