25% of Brazilian millennials are unemployed, study says.

Brazil Agency - Around 25% of the Brazilian Millennial generation [also called Generation Y, which includes young people born between 1980 and 1996] is unemployed. And, of that total, more than half (57%) have been unemployed for more than a year. This is what the unprecedented research Millennials and Generation Neither Nor, carried out by the Padrão Intelligence Center (CIP), in partnership with the company MindMiners, and released today (13) at the National Congress of Company-Client Relationship, in São Paulo, points out.

“The [economic] crisis certainly affected many of these people. They are highly qualified, so many, for sure, graduated from college and didn't have a job opportunity. But we also see that companies are very rigid and have given few opportunities to those with little experience,” explained Danielle Almeida, marketing manager at MindMiners. “These are people who had good opportunities to study, have good resumes, speak several languages. What they lack is an opportunity in the job market,” she added.

According to Danielle, the research helps to demystify the idea that the Millennial generation is lazy, uninterested in studying or working. “We have some prejudices that make us worry a lot about this generation, that they are spoiled, not very committed to work, and stay at home with their parents out of convenience. But this research showed that they consider themselves hardworking, studious, and willing to give up many things, such as working outside their original field of study, moving to another state or country to have an opportunity. What might be unsettling is that they have very different values ​​from Generation X [which includes people born between the early 1960s and the late 1970s],” she said.

“When we look at Generation X, we see a generation very attached to security and stability, concerned with working for a large company and building a career there. Generation X is the generation of possessions; they are accumulators: they bought a house, a car, a house in the countryside or on the beach. This generation [Generation Y or Millennials], on the other hand, does see the importance of everything their parents built, but they seek being. They want to be in companies that are, above all, connected to their life purpose. They are willing to give up rest time, work more, and have lower salaries or even move to another city, but they are not willing to work for a company that does not respect women's rights, for example,” said Danielle.

The research demonstrated, for example, that the majority of these young people (68%) agree to accept jobs that pay less or are outside their field of study (82%). Almost half of those interviewed (45%) also said they would be willing to work more than 40 hours a week. These young people believe that commitment to equality and inclusion (44%) is important in the workplace, as well as encouraging the generation of new ideas and improvements (54%).

The vast majority (82%) of respondents said they would like to work for a company where there is no pay gap between men and women, while 61% said they would like to work for a company where the issue of discrimination against women and sexism in the workplace is discussed.

Neither Nor Generation
The research also indicated that almost half of those interviewed (47%) do not study, and within this group, 34% neither study nor work [which would be considered the "Neither Nor" generation]. "The 'Neither Nor' generation is a subgroup of Millennials, and within this subgroup are included people who are currently neither working nor studying. And when we say they don't work, we mean those who are unemployed or who have never worked," said Danielle. According to the research, this universe of 34% of young people who neither study nor work is composed of 28% unemployed people and 6% who have never worked. The research surveyed one thousand young people between 18 and 32 years old, from social classes A, B, and C, in July of this year.