re: What would you do if your millennial kid was unemployed after college?

The difference between when I was in school for my first degree (early 2000s) and going towards my second now, is significant. In most fields today, a good job like our parents would've had for decades requires things like unpaid internships, lower level job experience (without a livable wage), etc. They want multiple degrees or certifications for jobs that you could obtain right out of high school 10 years ago in some cases. With increased specialization, we've created a vacuum where for a few years out of college you're kind of in the void and that means it's not as easy as just "getting out and struggling a bit".

And it's a completely different world than the one where my parents didn't even need a degree to obtain and keep a job that paid well for 30-40+ years.

Knowing that, I wouldn't have an issue with them staying home if they're working towards that better job or completing a post-graduate degree. They'd need to have a clear plan though and also be contributing to the household monetarily, within their means.