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by skeeter2020
23 days ago
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You need to look at this in context of longer timeframes; recent college graduates have had higher unemployment rates since 2019, well before AI, and the diff has increased since covid. I suspect it's more about a decline in overall growth and hiring and AI now gives a convenient excuse, but the trend has been in play for a while. |
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According to the Federal Reserve data, the unemployment rate for recent grads only started to exceed the rate for all workers around 2022 and has been widening since.