With a changing economy, artificial intelligence (AI) replacing many jobs, and widespread unpreparedness for the job market, the time-honored tradition of tossing their caps in the air to celebrate earning their degrees and starting exciting new careers has turned into disappointment for many college graduates.
Statistics released by the Department of Labor on Nov. 20 show that 25 percent of the 7.6 million unemployed Americans in September held at least a bachelor’s degree.
With more than 1.9 million unemployed college graduates on the market, the September data show little or no change from that of August in major industries to which young degree-holders typically gravitate. These include financial activities, professional and business services, wholesale and retail trade, the federal government, and transportation….