No hire, no fire: The worst job market for grads in years
CNN
The Class of 2025 faces a daunting assignment: getting hired in today’s no-hire, no-fire jobs market.
The Class of 2025 faces a daunting assignment: getting hired in today’s no-hire, no-fire jobs market. Overall, the US job market remains resilient. The national unemployment rate stands at just 4.2% and the economy has added jobs 52 months in a row – the second longest streak of uninterrupted job growth in US history. Yet there are some cautionary signs beneath the hood. Business decision-making has been paralyzed by the chaotic trade war. Entry-level hiring is down. And some leaders of the artificial intelligence industry say that the fast-moving technology could wipe out white-collar jobs, if it’s not already starting to do that. But even as the overall labor market looks relatively healthy, economists say this is the worst market for new college graduates since the height of the Covid-19 pandemic. Recent grads are finding that it takes considerable timeto get hired, leaving them unemployed and saddled with student debt for a frustratingly long time. For the first time since record-keeping on the topic began in 1980, the unemployment rate for recent graduates (those 22 to 27 years old with a bachelor’s degree or higher) is consistently higher than the national unemployment rate, according to Oxford Economics.
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