College graduates face toughest job market in more than a decade as hiring slows – ABC News
That news report on this is fairly well done.
Current unemployment rate is 4.2%. See Civilian unemployment rate (Update – one month later it has declined to 4.1%).
Some historical unemployment rates
Current Unemployment Rates for States and Historical Highs/Lows
I graduated from college in 1980 during a recession and the start of two back-to-back recessions where unemployment would reach over 10%.
Historical U.S. Unemployment Rate by Year
My oldest daughter graduated from the University of Washington in 2009 and into the worst job market since The Great Depression.
Today’s unemployment rate is 4.2% 4.1%. Prior excess hiring (during and post Covid, especially in tech) has caused some surpluses today, plus concerns over tariffs, and possibly issues related to “artificial intelligence” and its impact on the labor market.
The problem might also be earning degrees and skills in the wrong subjects. We are currently seeing a significant slowdown in tech hiring, for example, which might be ending a long term growth phase from the 1980s up to a year ago. Will it be a short downturn like the post 2001 recession or is this a new era with less demand for future tech workers?
