All articles tagged with #college graduates
The article discusses the rising unemployment among recent college grads in the U.S., driven by increased competition due to higher college attainment rates, changing job market dynamics, and AI's influence, while also highlighting a shift in young people's attitudes towards college and trade jobs amid student debt concerns.
The article highlights a shift in the long-term unemployed demographic, now increasingly including college-educated individuals like Sean Wittmeyer, who despite advanced degrees and skills, face prolonged joblessness due to economic downturns affecting industries such as construction and technology.
Recent college graduates are facing a tough job market with low hiring rates, lower salaries, and increased competition, leading many to settle for less ideal jobs or temporary positions, but experts suggest these experiences can still benefit long-term career growth.
Recent US college graduates face the highest unemployment rate since 2013 at 5.8%, with job prospects weakening due to economic uncertainty, sector slowdowns, and technological changes, leaving many young people struggling with debt and job insecurity.
The article discusses the bleak job prospects for the Class of 2025, who face the highest unemployment rates since 1980 due to trade uncertainties, policy cuts, and economic slowdown, with recent grads particularly hard hit. It highlights a two-sided job market, slow hiring, and potential risks of a recession, especially as sectors like tech, finance, healthcare, and education are affected, and raises concerns about the long-term impact on recent graduates' earnings and career prospects.
Recent college graduates face a challenging job market due to rising unemployment, AI replacing entry-level roles, and economic uncertainties from trade tensions and recessions, making it harder for new grads to find employment and risking long-term earnings.
The US job market for recent college graduates is the worst in years, with higher unemployment rates than the national average, driven by cautious hiring, economic uncertainties, and fears of AI displacing white-collar jobs, making it a challenging environment for new grads to find employment.
Recent college graduates are struggling to find jobs despite having degrees, as the current job market favors roles that do not require a bachelor's degree. Labor analysts note a bifurcation in the labor market, with high demand in trades and service industries but fewer opportunities for degree holders. Experts suggest that focusing solely on degree attainment is insufficient, emphasizing the importance of soft skills and adaptability. The job market's complexity and evolving requirements are causing frustration and mental health challenges among new grads.
Former President Trump proposed granting green cards to international college graduates, a stance similar to Hillary Clinton's 2016 campaign. He criticized President Biden's immigration policies, while the Biden-Harris campaign condemned Trump's past and proposed immigration actions.
Former President Donald Trump suggested on a podcast that noncitizens in the U.S. should automatically receive green cards upon graduating from college, including junior colleges. This proposal, aimed at retaining highly skilled graduates, would involve thorough vetting to exclude individuals deemed undesirable. Despite advocating for skilled immigration, Trump's administration had previously increased visa denials and imposed restrictions on foreign workers.
As college graduates embark on their new journeys, financial columnist Kerry Hannon offers essential advice: set audacious financial goals, avoid debt, save for retirement, invest wisely, and build an emergency fund. Emphasizing the importance of financial freedom, she encourages graduates to dream big, plan meticulously, and prioritize experiences and personal growth.
Financial advisor and self-made millionaire Ramit Sethi advises college graduates to invest 10% of their salaries annually, increasing by 1% each year, to achieve financial success. By starting early and leveraging compound interest, graduates can potentially become multimillionaires. Sethi, who has extensive experience and authored the best-seller "I Will Teach You To Be Rich," emphasizes the importance of opening investment accounts and setting up automatic deposits to grow wealth over time.
A recent college graduate shared her frustration and lack of personal time while working a 9-to-5 job, sparking a wave of support on TikTok. Many viewers related to her feelings of limited time for personal life and household tasks, questioning the outdated 40-hour work week and calling for reforms such as a 4-day work week or remote work options. The video resonated with over 1.2 million views and highlighted the ongoing discussion on TikTok about work-life balance.
Zillow has released a list of the top 10 metropolitan areas for recent college graduates to rent in, based on factors such as rent prices, average incomes, and job postings. The list includes cities such as Colorado Springs, Spokane, and Little Rock. While the median yearly earnings for Bachelor's degree holders is $59,600, the average starting salary for college graduates is $58,862. However, graduates also face the burden of student loan debt, with the average Bachelor's degree holder carrying around $28,400 in debt. The fate of President Biden's $400-billion student debt relief plan, which would cancel up to $20,000 for some 40 million borrowers, now lies with the U.S. Supreme Court.
College-educated workers are leaving expensive coastal cities like San Francisco, New York, and Washington, D.C., in growing numbers, creating an accelerating outflow of educated workers that economists call "brain drain." The pandemic has accelerated this trend, with the San Francisco area losing more educated workers than have moved in. Affordability issues have been eroding up the income spectrum in the country's most expensive metros, and remote work has altered the bargain that educated workers must swallow high living costs to access the highest wages. These workers are increasingly migrating toward major metros that are still prosperous but not quite so expensive.