Zoomers can't get in and boomers can't get out: The job market pressures by generation

Business Insider

7 days ago

America may be divided over millennials spending too much on avocado toast, Gen Zers staring into the void, and boomers hoarding their wealth, but there's one thing that every generation can agree on: career prospects are feeling extra miserable lately.
One Gen Xer told Business Insider of when she learned she was laid off, "The day that I got that news, it was like going to the worst surprise party I've ever been to."
"My dream job might exist," a frustrated Gen Z job seeker said. "But I'm one of 400 people applying for it."
"I keep hearing employers talk about no one wanting to work, and I desperately want to work," said a millennial who struggled to find work for four years. "I can't get someone to ever sit down and talk to me."
It all stems from the current economic moment in which companies are hiring at nearly the lowest rate in a decade and are looking to cut costs where they can, but it feels different depending on your career stage and employment situation.
In recent months, BI has interviewed fed-up job seekers, laid-off managers, and people working past retirement age to pay the bills. Here's how each generation is experiencing the job market in 2025 — and what they're doing to cope.
Gen Z's entry-level opportunities are drying up
The job market for 22- to 27-year-olds with a bachelor's degree or higher " deteriorated noticeably" in the first quarter of this year, the New York Federal Reserve reported. That doesn't come as a surprise to many Gen Z job seekers.
"I was applying and I felt like, 'This is so stupid because I know I'm going to get rejected,'" said 21-year-old Bella Babbitt, a 2024 grad. She told BI that after completing her bachelor's in just three years, it took her hundreds of applications and months of waiting tables, but she finally landed a role in media strategy by networking with a family friend. "My parents have such a different mindset, where they can't comprehend how we've applied to all these jobs and we're not getting anything," she added.
For many of Babbitt's generation, it feels like their traditional pathways to success — a résumé of internships, rigorous classes, and a college degree — aren't translating to stable job offers. Cost-cutting from the White House DOGE office has slashed funding for jobs that ambitious young graduates of earlier generations used to vie for at government agencies, nonprofits, science labs, and public health centers.
AI could make it harder to find entry-level options in tech, and law school demand is rising beyond what the industry can support. White-collar roles at many major corporations have been hit by layoffs or hiring freezes. Early 2020s graduates may have fallen into a hot Great Resignation market, but recent grads aren't so lucky.
Solomon Jones, 26, said he's been unable to land a sports communications role after graduating in May. With $25,000 in student loan debt, he's moved back in with his parents while he continues the job hunt. He's trying to cobble together some freelance writing work — at least until full-time hiring picks up.
"The goal is to obviously get a job in the sports industry, but realistically, I know that life isn't fair," he told BI. "So at this point, I'm just trying to find a job, period."
Zoomers have a rising unemployment rate and are losing confidence in the payoff of a college education, with some pivoting to blue-collar work. The 22-to-27 recent grad group has had a higher unemployment rate than the overall American labor force since 2021 — reversing the typical trend of young grads outperforming the broader labor market that has persisted through past recessions.
"Young people are obviously not one monolithic group. Some are going to college, some started college and didn't finish," Elise Gould, senior economist at the Economic Policy Institute, previously told BI, adding, "But I don't think people always understand that this is what happens, the sort of 'first hired, first fired' phenomenon."
Millennial and Gen X managers are caught in the Great Flattening
Olivia Cole, 39, feels stuck after getting laid off from her product support role last October.
"As most people can probably relate, it's been difficult finding something that either is an equivalent level or a step up," Cole said. Cole has done everything that she says she's supposed to do: Polishing her résumé and LinkedIn profile, and building out her network. Even so, she's still looking — something she sees across her cohort.
"It does really seem like people are looking for those with a high level of experience or absolute newcomers," Cole said. "And as somebody in the middle, it's been a little difficult, because there's a million of us."
Many millennials looking for mid-career opportunities like Cole could be in trouble: A growing strategy of reducing middle management at Big Tech and small businesses alike is aimed at cutting bureaucracy and costs. As most managers today are millennials or Gen Xers, per a recent Glassdoor analysis, they're potentially on the layoff chopping block. The managers who remain are left with a heavier workload, including a rising number of direct reports.
Gusto, a small and midsize payroll and benefits platform, found that involuntary manager terminations — firings and layoffs — have greatly affected those ages 35 to 44, rising over 400% between January 2022 and September 2024. Job postings for management roles on the job-search platform Indeed are also trending downward.
Some millennials are finding solace in seeking out others in the same boat: After Giovanna Ventola, 35, was laid off three times in three years, she founded a support group for fellow job seekers called Rhize. She said that the majority of group members are over 35; many in that cohort had previously held roles like director or VP, and were six-figure earners, she said.
"They're applying for entry-level jobs because they're at the point where they're like, 'I need to do something," she said.
For Gen X, the financial disruption of an unexpected layoff or career pivot can be especially dire: AARP reported in 2024 that a fifth of not-yet-retired Americans 50 and older had no retirement savings.
After her second layoff in two years, 53-year-old Hilary Nordland is struggling to pay bills and feels like she will be "working forever." "I should be retiring in 12 years, and there's no way that's going to happen," she said. "I have no retirement savings."
Baby boomers increasingly need jobs past retirement age
For the last decade, the number of older Americans working full-time has been trending upward. BI has heard from thousands of older Americans struggling to afford necessities with limited savings and Social Security. Hundreds said they are still working full-time, have picked up part-time shifts to supplement their income, or are actively looking for work.
Herb Osborne, 71, works full-time for a small business that makes olive oil and charcuterie accessories and reads financial documents as a hotel auditor on weekends. He said he has to continue working two jobs to afford the Bay Area's cost of living.
"Financially, for me, it is really almost imperative that I work," he said. "I do work every day in order just to survive. And it's scary now at the age I'm at, because Social Security doesn't cover anything."
A survey published by Harris Poll and the American Staffing Association in 2024 found that 78% of baby boomers believe their age would be a contributing factor when being considered for a new position, and 53% think their age limits their career opportunities. At the same time, LinkedIn reported that about 13% of previously retired baby boomers on the platform listed, then ended, a retirement on their profile in 2023.
Bonnie Cote, 75, is a substitute teacher near Washington, DC. She has decades of education experience and loves the work, but said it's hard to keep finding a gig that pays enough money to supplement her Social Security, especially in her 70s.
"It doesn't matter what age you are," Cote told BI. "You should be able to get a job."