Young adults are facing a vicious cycle directly related to the economy: they cannot find work, giving them trouble moving out and are buying homes less frequently.

According to the Associated Press, post-graduate-age people are experiencing the lowest rate of mobility in nearly 50 years. Young adults are usually not even considering buying a home and avoid major career moves due to a weak job market and economy.

The new data comes from the Census Bureau's 2013 findings, contradicting previous indications of an economic recovery. The wave of college graduates stuck where they are upon leaving school has been unofficially dubbed "Generation Wait."

Jeremy Bills, 27, of Nashville, Tenn., graduated from Vanderbilt University in May 2011 with a master's degree in human and organizational development. Bills is originally from Tampa, Fla., but has yet to leave his college town and is still seeking a job in his field, working odd jobs in the meantime.

"I'm constantly looking for other jobs," he told the AP. "It's not like riding a bicycle. You can't just jump into a career position so many years after training."

The master's was meant to reinforce his credentials after receiving an undergraduate degree in 2008, but that has done little to help.

In 1965, the rate of young adults aged 25-29 moving hit its height at 36.7 percent. In 2013, that rate hit a low at 23.3 percent, never before seen since 1963.

"Young adulthood has grown much more complex and protracted, with a huge number struggling to reach financial independence," said Mark Mather, an associate vice president at the private Population Reference Bureau. "Many will get there, but at much later ages than we've seen in the past. More and more we're seeing many young adults routinely wait until their 30s to leave the parental nest."

The drop-off in homeownership was present among all age groups, but was most severe among 20-somethings. Mobility rates remained normal among other age groups as well.

William H. Frey, a demographer at the Brookings Institution, analyzed the figures and said low mobility might become a "new normal" for young adults.

"The post-recession period has given a bigger boost to seniors than to young adults in their willingness to try out new places for retirement," he said. "Many young adults, especially those without college degrees, are still stuck in place."