Recent college graduates are having a harder time finding work, despite their higher education degrees, which usually give job-seekers a leg up in the labor market.
That’s according to a new report from Oxford Economics which shows that unemployed recent college grads account for 12% of an 85% rise in the national unemployment rate since mid-2023. That’s a high number, given that this cohort only makes up 5% of the total labor force.
What’s more, the rate of unemployment among workers who have recently graduated from college and are between the ages of 22 and 27, is nearing 6% —which is above the national unemployment rate of 4.2%.
Anecdotally in tech it feels like nobody wants to hire juniors anymore. I wouldn’t want to be a fresh grad these days.
I’m seeing a group of fresh geneticists from one of the best unis in the world wondering what to do as academia salaries are falling behind inflation and biotech is not hiring. It feels so fucked up that you have all these smart people being forced to do nothing because labour is limited by capital. “Most efficient way to organise the economy” my ass.
My entire working life always felt like there was an oversupply of workers. I’ve never been in a position where there was readily room for advancement. I’m not even talking about me, but my peers too.
It was always like, “Work this job for a few years and maybe a position will open.”
The first “real” job I had was at a bank and the executive of sales was like late-30s or early-40s. If I did the apply for a promotion every few years thing, I’d be significantly older than him before I was at that point.
How can they say you need all these years experience if the exec is so young. It didn’t make any sense.
How can they say you need all these years experience if the exec is so young. It didn’t make any sense.
His dad worked there as an executive.
Nothing will meaningfully improve until the rich fear for their lives
Nothing to worry about, Trump will create manufacturing jobs to make your degree completely obsolete and give you a job to pay your debt.
United States has been working on getting rid of the middle class long before Trump
Democrats never cared for middle class either and it shows with the stagnated minimum wage
