Graduate roles are so hard to find that Gen Z is pushing up America’s unemployment rate

It seems that in 2025, these dreams fall.

According to the latest data it published Federal Reserve in St. Louis (Farid), the unemployment rate for university graduates who obtained a Bachelor’s degree by 6.1 % in May – from 4.4 % just one month ago.

Likewise, the unemployment rate for those between the ages of 20 and 24 with some experience in the college but there is no degree, as well as ages of the same age with a master’s degree or higher, last month.

Fred states that Gen Z with a master’s degree or above now the unemployment rate is 7.2 % while they have some experience in the college with a 9.4 % unemployment rate.

According to the analysis before Wall Street JournalThat image is more comfortable. Quoting small data from the Ministry of Labor, Wsj Graduate estimates have a 6.6 % unemployment rate over the past 12 months ending in May, the highest level in a decade with the exception of the height of the epidemic.

This trend of increasing unemployment is at odds with the image of the rest of the United States, as unemployment was fixed at 4.2 % from April to May, and raised slightly from the rate 12 months ago.

It is not surprising, then, for graduates who are working in beginners to stay in, for fear of falling into a stagnant market. Meanwhile, graduates who have not fell a difficult role in getting foot on the career ladder find.

Oxford’s economy researchers were also reflected in the study of last month: “Those who are in professional, scientific and technical services are less likely than their peers in searching for work in a different industry, although they are likely to accept the deficiency – knowledge as a university graduate working in a job in which there are no more than 50 % of workers in the same role as supporters or higher.”

In fact, although some young potential employees are ready to take side steps to earn an income, analysts suggested that Gen Z graduate spend more difficult than most: “The result is that the unemployment rate will remain high in the short term without the presence of a dear request from technology companies from the workforce by these individuals.

“While these workers only represent about 5 % of the workforce, they played a major role in pushing national unemployment up.”

Alternative ways

It can be presented an argument that data indicates that employers do not find the skills they need in the newly developed graduates, despite tens of thousands of dollars that many will get to achieve their certificates.

For example, JPMorgan CEO Jimmy Damon prompted education to classify schools based on whether its students are getting jobs instead of their number to college.

“If you look at children, they should be taught to get jobs. There was a lot of focus in education on graduation from college … should be on jobs. I think schools should be measured, did children go out and get a good job?” Diam said, based in Indianapolis TV wishes last year.

He added that the idea that the college is the only way to reach a good-wage job as well, saying that 17-year-old banks can take $ 40,000 a year “and if you have a family at the age of 18 or anything else, you may get $ 20,000 of your family’s medical interest. You can be welding, you can be on the Internet, you can be automatic-all of this of $ 40,000.

Damon, a veterans in Wall Street, also argued that teachers focus on the skills that will face individuals in a good position for the rest of their lives such as nutrition and financial literacy.

JPMorgan Chase president is not alone. in Wsj For example Last year, entitled “Not everyone needs a university degree”, executives at Home Depot, Walmart Us, TED DECKER and John Furner:

They added: “The American dream did not die, but the way to reach it may seem different from those looking for work today from what was the case for their parents. We owe young generations to open our minds to the various opportunities that workers must learn new skills and achieve their dreams.”