Group of coworkers discussing project in office
Thomas Barwick Group of coworkers discussing project in office

While the U.S. job market continues to recover overall, the fate of the millennial workforce appears to be getting worse. According to Fortune Senior Editor Stephen Gandel, the number of workers age 20-24 dropped by 200,000 in the past six months, the only age category to lose jobs. Meanwhile, the U.S. economy added over 2 million jobs in the same period, and the overall unemployment rate has fallen to 4.9%.

Even the age group with the second lowest growth, which consisted of 35-44-year-olds, had 200,000 more people employed since the end of August. Things could possibly be improving for millennials—employment among 20-24-year-olds was up by 53,000 jobs in February.

It’s not exactly clear why Millennials have fared so poorly. Some of it may be related to the fact that workers have stayed in the workforce longer. Case in point: employment among workers aged 55 and over has risen by 742,000 over the past six months. What’s more, the minimum wage has been rising in many states. Some studies have showed that higher minimum wages affects employment among young workers more than their older counterparts.

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