The students are waiting in line before a career fair at New York University Polytechnic School of Engineering in the Brooklyn Borough from New York.
Michael Nagle | Bloomberg | Getty pictures
With a degree in Georgetown University and several internships, Christina Salvadore was that she would now start a career in New York’s fashion or beauty industry. The problem: she can’t find a job.
The 23-year-old was unable to play a full-time role, even though he has filled up hundreds of applications in the spring and accepted dozens of networking calls. She is currently applying for part -time gigs to surprise her financially.
“It’s definitely shit when people say: ‘So what do you do now?'” Saltvadore, a native of Florida, said CNBC. “I’m sitting on LinkedIn 24 hours a day in my parents’ house.”
A growing number of data shows that Salvadore is not alone. Young College graduates have a uniquely difficult time to win their first full-time jobs and feel the main load of the weakening labor market.
At the macro level, the group’s happiness is to move the needle in broader data sets, some of which are used by economists and monetary political decision -makers to determine the health of the economy. For hundreds of thousands of Americans in this camp, it changes their visions for what they would look like for this era of life.
The unemployment rate for “newcomers”, a group that includes new university graduates and others, which are trying to penetrate full -time employees, reached a nine -year highlight this year, as federal data show. The proportion of the group in the entire unemployed population rose to the highest percentage in decades.
Simply put: According to Gad Levanon, the chief economist at the Burning Glass Institute, and its team in working -focused Think Tank “no country for young graduates” have become “no country”.
An ‘unusual’ trend
In a report published this summer, Levanon and his team found that the bachelor’s degree for the first time in modern history does not comply with its “basic promise” of access to employees. The once loud path from the college campus to a career, the team closed less and less reliably.
After Levanon asked questions about whether the trend concerns all young workers or only those with college diplomas, he carried out a further analysis of the federal data. It shows that 20- to 24-year-olds with Bachelor degrees recorded the most extreme unemployment than other educational groups compared to historical level.
The Bachelor’s final holders in this age group have long benefited from a lower unemployment rate compared to those with only high school diplomas. Levanon’s data, however, show that the gap between the two groups is the smallest that has been at least the early 2000s.
“You see something unusual for the Bachelor’s degree,” Levanon told CNBC.
On the popular social media platform, TikTok, young adults who are freshly released from college have the attempts and difficulties associated with the search for their first post-degree job to a kind of subgenre. They document the journey and complain about the discouragement they feel. They move home with their parents. You wonder why entry-level job advertisements require several years of experience. You wonder why you do “Ghost” “, which means that you never get an answer to an application.
Several have used the Slang printout “Crashing” to describe how they are emotionally.
“I feel right now,” said Boston College, Michael Hartman’s youngest graduate, and said that after around 10 months unsuccessful job hunt, he was looking for an insight into a clairvoyant about his career paths. Hartman has an economic degree and has strived for a consulting or business strategy role.
“Very stressful”
This turn for the assets for the latest College graduates of America has attracted the attention of the top economic politicians and comes up in the middle of concerns about the labor market.
The chairman of the Federal Reserve, Jerome Powell, recognized a few weeks ago that young people have more difficult to block work. He referred to a “low, fire -down environment”, a landscape that the economists said that it is particularly difficult for those who want to collapse into the full -time population.
The number of employees who were hired and stopped slowed in August, according to state data that was published on Tuesday. The figures of the Bureau of Labor Statistics published in September show that the number of people who remain unemployed for at least 27 weeks have risen by 25% of the previous year. The previously expected federal work data published this week are kept for the duration of the state closure.
According to Burning Glass’ Levanon, the problem is part of the increasing proportion of young Americans who receive four years degrees. The demand for employees with this level of education does not keep up, he said, which means that the current conditions may not improve soon.
This could lead to an enrollment of college, since young people realize that university formation is not the career pipeline that it was once added.
A student of the City College of New York has a message about his hat during the opening ceremony of the college in the Harlem Section of Manhattan.
Mike Frisch | Reuters
In addition, the rise of artificial intelligence triggered alarms that the promotion roles for knowledge workers are automated.
In August, Stanford released a bombshell study in which the US workers aged 22 to 25 years were found in jobs that were most exposed to AI Walmart To Accounter Having the technology will drastically re -shape its workforce.
The tightening on the job market has worried a whole generation about what the future will have. According to the University of Michigan, the likelihood that he lost a job in May in May 2013 in May 2013 in May in May in May.
These concerns have changed the prospects for the youngest and soon future college graduates. After seeing friends to secure employment, student Emma Zatkulak began a few weeks earlier than expected. The 21-year-old is planning interviews for sales and insurance roles between a complete class load and two jobs.
“It was very stressful,” said Zatkulak, who is a communication major at Boise State University in Idaho in her last semester. “I haven’t felt calm for a few months.”
A “real phenomenon”
However, this shift cannot feel all new graduates to the same extent.
In fact, the lists for software developments are around 66% of the volume before Covid pandemic. On the other hand, the care position posts have increased by about 16% compared to the same baseline.
“It is a real phenomenon,” said Laura Ullrich, the director of business research for North America. “But at the same time I don’t think that it applies to all students or young people. It depends on the sector in which they work.”
Nevertheless, Ullrich admitted that there is reason for the fear of young adults. She pointed out an analysis of Moody’s Analytics, in which it was found that less persecuted industries have added jobs in the past six months when they were removed, which historically only took place during and about recessions.
The decline in the entry -level settings settings is particularly clear in the technology industry. According to the venture capital company Signalfire, the number of employees with little professional experience between 2019 and 2024 fell more than 50% of tech companies with a large cap. In the case of startups, this number has dropped by more than 47%.
Young job seekers announced that the difficulty of finding a job had fed social isolation and self -doubt. As rejections, they said that it could be difficult not to take it personally.
In the past few months, Julia Vasedkova has intended his graduates of the Rhodes College from Tennessee as young specialists as young specialists. In the meantime, Vasedkova was only with a part -time job in a state of self -described “suspension”, although hundreds of applications were emitted. The English major has applied for positions for teaching, publications and social media.
The 24-year-old rejects invitations to social meetings to receive money for rent and other expenses. It is also time that she could try to find the increasingly difficult to grasp post-degree job anyway.
“It is definitely exhausting. On some days it feels like I have a full -time job just to apply for jobs,” said Vasedkova. “It just feels like I don’t really have a life outside of it.”
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