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GEN Z’S COLLEGE DREAM CRASHES: UNEMPLOYMENT SPIKE SHOCKS RECENT GRADS!
Hold onto your caps and gowns, folks! The once-solid belief that a college degree guarantees a fabulous job is crumbling faster than a sandcastle at high tide! Gen Z graduates are facing a nightmarish job market, and it’s throwing the career dreams of a whole generation into chaos!
RECORD HIGH UNEMPLOYMENT FOR NEW COLLGE GRADS!
New data reveals a staggering 4.8% unemployment rate for recent college graduates as of June—versus a mere 4.0% for all workers. What’s going on? Experts, including Ed Yardeni, the chief investment strategist at Yardeni Research, suggest that the job market is now flooded with degree holders, leaving fresh grads scrambling for positions against seasoned pros.
CLASS OF 2022—THE UNLUCKY ONES!
Since 2015, the job-hunting track for this age group has gone downhill, and it’s only getting worse! After the pandemic, the unemployment rate for young grads skyrocketed above the overall rate, but wait—there’s more! If you think majoring in tech will save you, think again! Degrees in computer engineering and computer science are now linked to unexpectedly high joblessness. Ouch!
AI IS EATING OUR JOBS!
Brace yourselves—AI is not just another buzzword; it’s a job-stealing monster! With employers planning to hire fewer entry-level workers thanks to AI advancements, recent grads are caught in the crossfire of a technological takeover. One survey even claims that companies prefer lower-level employees who can navigate AI, leaving fresh grads high and dry!
BUT IT GETS WEIRDER!
While the U.S. labor market wields its chaos, young workers in Europe are thriving! UBS economist Paul Donovan calls out the absurdity, pointing to record lows in youth unemployment abroad. Why is America’s Gen Z facing such a harsh reality? The plot thickens!
COLLISION COURSE: STUDENT DEBT CRISIS MEETS JOB HUNT CHAOS!
Adding fuel to the fire, the student debt crisis looms ominously over recent grads, making expensive degrees that promise “great jobs” not so appealing anymore. A recent Gallup Poll shows a shocking drop in Americans believing college is essential—down from a lofty 75% in 2010 to just 35% now!
A CALL TO ACTION: AWAKENING OF TRADE JOBS!
In a twist of fate, trade jobs are gaining traction among Gen Z, providing a pathway away from the pixelated grind of tech jobs. Could this be a new dawn for vocational training?
Fellow grads, it’s time to wake up! The job market may be changing, but that doesn’t mean your dreams have to die! Get ready to adapt, pivot, and redefine what success means in this turbulent job landscape!
photo credit: fortune.com
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