Today’s young people have endured crisis after crisis—social media upheaval, a pandemic, and political turmoil. And for many eager to finally start their careers, they’re facing yet another uphill battle: entering one of the toughest job markets in a decade.
Job postings are down, and unemployment among recent graduates has climbed to 9.3%, according to the Federal Reserve—its highest level outside of the pandemic since 2014.
But one lawmaker says this may only be the beginning.
Unemployment for recent college graduates could surge to as high as 25% in the next two to three years, warned U.S. Senator Mark Warner (D-Va.) in an interview with Bloomberg, and it could cause a “level of social disruption that’s unprecedented.”
“If we eliminate that front end of the pipeline, how are people ever going to get to that mid-career spot?” Warner added to CNBC.
Bio degree, unemployed is very skewed towards health and should be seperated into its own category. you notice it is higher without including it, and its only 1 demographic dominating it, at the higher grad levels its men, but thats a legacy situation. plus lab/research requirement for most of these jobs are almost far and few between to begin with. and all thse biotechs are probably clamoring for outsourcing h1-b visas holders anyways, the other difficulty is x experience, and long commutes.
at least until recently state schools in cali were in pretty bad shape, as far as enrollment problems. last i read the news is they are trying to pre-emptively enroll students before hs graduation if they complete certain courses. this seems like a very temporary bandaid. because the cause was COVID online classes, means you dont learn anything at all, plus low job prospects have put off future students from applying.
employers are using AI to screen out resumes too, which is funny considering thier previous methods were not much different(which is some kind of software to screen out resumes, AI probably does it faster and more haphazardly). they get mad when the same method is used against them, AI generated resumes.
it does explains why some colleges are having enrollment problems, they saw the reviews, or the family members, friends told thier people close around them not to apply to colleges because of low job prospects.