Gen Y, Which Will Rule the Global Workforce Tomorrow, Takes Lumps Today

By Judy London

Today's economic mess is a watershed for workers in every age bracket. But for Millennials (aka, Gen Y) - those born from about 1980 to 2000 - this crisis is more than a time of joblessness. It coincides with their coming of age, setting the blueprint not only for individual lives and careers but for a new era in the global workplace.

Right now, recession-driven unemployment numbers don't look good for young job hunters around the world. Jobless rates have skyrocketed to as high as 24% for the youngest in Australia's job market, and they're up to 12% for that age group in the U.S. In Colorado alone, current unemployment rates for young people have increased by 66%.

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