Wall Street Journal: “The college class of 2026 is entering one of the most nerve-racking job markets in recent memory. Employers have sharply reduced hiring—awful news for those trying to land their first job. Worries that artificial intelligence will be able to perform many of the skills graduates spent years honing are running high. Commencement speakers lauding the technology are drawing jeers.”
“A widely followed quarterly report from the New York Fed, based on the detailed data that underlies the Labor Department’s monthly jobs report, shows that as of March, the unemployment rate for people with bachelor’s degrees, and between the ages of 22 and 27, was a seasonally adjusted 5.6%. That was a big step up from the 3.6% registered in December 2019, before the Covid pandemic.”
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