A new study from the Brookings Institution finds that as millennials age, they are delaying entry into the workforce.
According to the study, the number of adults ages 20 to 24 who are employed has declined from 17 percent in 1990 to 12.7 percent in 2020.
The authors of the study say that the reason for this decline is that fewer young adults have been able to get the training necessary to enter the workforce and stay in the workforce long enough to earn a decent wage.
The study notes that the number working full time has dropped by almost two million since 1990.
This trend is evident in the numbers of adults in the prime working age (35 to 44) and those ages 45 to 54.
For the first time in 20 years, the study found that fewer than half of those ages 65 and older were working full-time in 2020, down from 57 percent in 2015.
The report finds that the unemployment rate for this age group has risen from 5.4 percent in 1995 to 8.1 percent in 2016.
It also found that more than half (56 percent) of workers ages 55 to 64 are working full or part time.
For those ages 55 and older, however, the rate has fallen from 14.3 percent to 8 percent, according to the Brookings paper.
The authors say that there is little evidence to suggest that the increase in the number unemployed people has had any impact on the economic health of their families.
Instead, the findings indicate that younger workers who are in the labor force are delaying the entry of a new cohort of workers into the labor market.
For many workers in their 20s, the only reason to work is because they can’t find a job or are currently unemployed.