Jerome Powell says the Gen Z hiring nightmare is real: 'Kids coming out of college...are having a hard time finding jobs' | Fortune
Recent college graduates, younger workers, and minorities face a weak job market with low hiring and low layoffs, worsened by AI-related reductions in entry-level hiring.
A New Sign That AI Is Competing With College Grads
According to the New York Federal Reserve, labor conditions for recent college graduates have "deteriorated noticeably" in the past few months, and the unemployment rate now stands at an unusually high 5.8 percent.