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Podcast: MNnext, episode 2

Go Deeper.

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A job seeker fills out an application
A job seeker fills out an application during a career fair at the Southeast Community Facility Commission on May 21, 2014 in San Francisco, California. Job seekers came out in force looking for employment from nearly 40 employers at the second annual job and career fair in San Francisco's Bayview district. California's unemployment fell to 7.8 percent in April, down from 9.1 percent in April of 2013.
Justin Sullivan/Getty Images

In this installment, host Maddy Mahon and former state demographer Tom Gillaspy take a closer look at the employment future for millennials.

There are enormous trends affecting the job outlook. We're still recovering from the Great Recession. The labor market is shrinking at an accelerating rate, as baby boomers retire in increasing numbers.

But in an era of massive technological change and employers obsessed with cutting labor costs and a perceived skills mismatch, the future looks uncertain. If millennials are unable to find the jobs they're looking for until later in their careers, how does that affect the overall economy?

• Subscribe to "MNnext" on iTunes