Further complicating matters for job-seeking Millennials is a slowdown in the quits rate (the measure of people who voluntarily leave their jobs). From 2002-2008 this rate held steady around 2 percent each month, but has since floated from 1.3 to 1.5 percent suggesting that more people are remaining in their current positions.
Lastly, the Bureau of Labor Statistics Mass Layoff Statistics Survey shows two distinct periods where layoffs occurred at an accelerated pace. 2002-2003 saw 39,832 mass layoff events (MLE) averaging 1660 events a month, and 2008-2011 showed 86,799 MLE's at an average of 1808 events per month.
So Easy A Caveman Could Google It
Often, the widespread adoption of digital technologies in everyday living is the weapon of choice for critics trumpeting the entitled laziness of Millennials. To their credit, millennials as a generation have indeed grown up with increasing levels of computer technology in nearly every aspect of their lives from how they enjoy music on the go, how they keep up with current events, and even how they learn in the classroom. It's also true that the expansion of the Internet has opened the "floodgates" by making access to information no harder than typing a few words into a search engine and learning to parse through the results. But there's another side to this story, for what the internet giveth, it giveth away for free.
The Internet and efficient file sharing have raised the bar for millennials by making professional skills available via Google for next to nothing. Why take on thousands in debt for a degree when all you need is a computer and a nearby Starbucks? If anything, Millennials have to learn at a pace that far exceeds their generational elders because the internet makes finding and owning information on nearly any topic of interest an incredibly simple process. This need to keep pace necessitates the use of smartphones, laptops, tablets etc. in nearly every field because of how fast information is acquired, exchanged, and used.