Young professionals are struggling to start their careers during the COVID-19 pandemic. The young adults in your workforce may have waited longer than usual to land their first jobs and could be facing challenges you aren’t aware of.
The unemployment rate for young adults was 11.2 percent in December 2020, which is almost twice as high as the national rate (6.7 percent), peaking at 25 percent at the height of the pandemic. Some young adults were offered a job only to have it rescinded. They are likely to experience lower wages, a slower hiring cycle and a “failure to launch” their careers. Additionally, some young adults are taking on caregiver roles during COVID-19, which can be stressful, and a few have been diagnosed with COVID-19 themselves. Many have had to move back home with their parents.
