Degree? Yes. Job? Maybe not yet.
==========
New college graduates are facing a tough job market in 2024, with hiring slowing down and entry-level job prospects diminishing. Only 13 percent of entry-level job seekers found work in the past six months, down from a peak of 20 percent in 2022. The U.S. unemployment rate for 20- to 24-year-olds has climbed from 6.3 percent to 7.9 percent as of May. The pandemic has disrupted college experiences, with virtual classes and remote internships leading to thinner resumes for many graduates. Employers are increasingly looking for experienced workers who can be immediately productive, and many are prioritizing skills-based hiring over college degrees. The labor market is split, with jobs readily available for seasoned workers and high-schoolers, but entry-level openings in white-collar fields have declined. Despite the challenges, economists believe that new graduates will eventually find jobs, as industries like healthcare, government, and leisure and hospitality continue to add jobs each month.
#JobMarket #CollegeGraduates #Unemployment #Hiring #SkillsbasedHiring
https://www.washingtonpost.com/business/2024/06/16/jobs-outlook-college-grads-2024/
The Washington Post /
npub1nw…97m8h
2024-06-16 13:10:18
Author Public Key
npub1nwad78hejfewj63p264uf2sxh0a5az753pw7auscrlupefjtr27sp97m8hPublished at
2024-06-16 13:10:18Event JSON
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"content": "Degree? Yes. Job? Maybe not yet.\n==========\n\nNew college graduates are facing a tough job market in 2024, with hiring slowing down and entry-level job prospects diminishing. Only 13 percent of entry-level job seekers found work in the past six months, down from a peak of 20 percent in 2022. The U.S. unemployment rate for 20- to 24-year-olds has climbed from 6.3 percent to 7.9 percent as of May. The pandemic has disrupted college experiences, with virtual classes and remote internships leading to thinner resumes for many graduates. Employers are increasingly looking for experienced workers who can be immediately productive, and many are prioritizing skills-based hiring over college degrees. The labor market is split, with jobs readily available for seasoned workers and high-schoolers, but entry-level openings in white-collar fields have declined. Despite the challenges, economists believe that new graduates will eventually find jobs, as industries like healthcare, government, and leisure and hospitality continue to add jobs each month.\n\n#JobMarket #CollegeGraduates #Unemployment #Hiring #SkillsbasedHiring\n\nhttps://www.washingtonpost.com/business/2024/06/16/jobs-outlook-college-grads-2024/",
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