According to CNBC, it has become increasingly hard for college graduates to get jobs in our labour market. This is alarming to read as someone who is about to graduate, especially when Chief economist at Burning Glass institute Gad Levanon states that the U.S. is “no country for young grads”. Although the government shutdown is making it harder to read and predict precise trends, the data shows that the unemployment rate for new college graduates hit a nine year peak, the weakest it has been since 2009. This is the highest unemployment percentage for entry level jobs in decades.
Because of this, the article states that a bachelor's degree isn't delivering on its promises of access to white-collar jobs for the first time in modern history. Because this path is becoming increasingly less reliable, and with the rise of AI, many young people are being deterred from attending college which could result in a rapid decline of university enrollment in the coming years.
link to article: https://www.cnbc.com/2025/10/03/job-market-new-grads-unemployment.html
2 comments:
This is an interesting read, as this is the highest rate at which there has been a low firing and low hiring rate for people wanting to enter the workforce. Does this mean students should pursue graduate-level degrees until it has passed? I've heard recently that jobs in the entry-level positions are very limited, while jobs that require a couple of years of experience have been in abundance. Soon-to-be college grads are running out of steam, and they haven't even entered the workforce.
It's really concerning to see how much harder it's become for new grads to land stable jobs, especially when a degree used to guarantee opportunity. It seems the market is shifting towards experience and technical skills over credentials, leaving recent graduates in a tough spot. I wonder if this will push more schools to focus on internships, apprenticeships, or skill-based programs to help bridge that gap between education and employment.
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