No. of Recommendations: 6
"Manufacturing is so 20th century. It's all going off shore. Go to college. Be a knowledge worker".
Four years later, Junior has his degree, and a five figure student loan debt.
In the UK:
Graduate job vacancies drop by almost 50% in a year, survey suggests
The number of graduate jobs has fallen almost in half in the past year, according to new figures, as employers cut entry-level roles in favour of AI and battle rising costs.
Jobs website Adzuna said it had just 8,383 graduate vacancies listed in July, down from 15,397 at the same point last year.
Adzuna also found competition among job seekers across all levels is rising, with an average of 2.14 job seekers per vacancy in July, up from 1.93 a year earlier.BBC: Graduate job vacancies drop by almost 50% in a year, survey suggestsIn Shinyland:
Recent College Graduates Face Higher Unemployment as AI and a Sluggish Labor Market Slow Hiring
The St. Louis Fed found that slowing labor market trends have directly led to a 2.2 percentage-point increase in the unemployment rate for recent college graduates. For young workers aged 18 to 24 with no more than a high school diploma, the slowing labor market has led to a 1.23 percentage-point increase in the unemployment rate. Older workers have fared the best, with a 1.1 percentage-point increase.investopedia.com - Recent college graduates face higher unemployment as AI and sluggish labor market slow hiringfrom the net sifter:
U.S. Job Market Conditions for Recent College Graduates
Recent college graduates are facing a tougher job market than most other workers, with unemployment at about 5.6% and underemployment at 42%, and AI-driven hiring slowdowns worsening outcomes in certain majors
Current Labor Market Data
According to the Federal Reserve Bank of New York, as of Q2 2026:
Unemployment rate for recent graduates (ages 22–27): 5.6%, compared to 4.2% for all workers
Underemployment rate: 42%, the highest since 2020, meaning graduates are working in jobs that typically don’t require a college degreeThe "JC" perspective: "good. They can close half of the public universities, and use the money to give us another tax cut!"
Steve...gladder than ever to be retired
