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Recent male university graduates are facing difficulties in securing employment, leaving specialists confused about the reasons behind this trend.
Men between the ages of 22 and 27 who have at least a bachelor’s degree are currentlyunemployed at a higher rate than the general population.
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In the last year, joblessness within this group has increased from 5 to 7 percent, according to the analysis. Financial Times found.
Among their female colleagues, unemployment has remained almost stable — and in certain instances, has slightly decreased.
The results indicate that young men who have degrees are currently experiencing unemployment at the same level as those without one, marking a surprising shift from previous patterns.
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The story implies that the unstoppable growth of AI is eliminating entry-level positions.in male-dominated areas like computer engineering.
However, the FT’s analysis revealed that recruitment for software engineering and similar positions has started to recover in recent months, leaving the reason for the downturn uncertain.
More young women are finding employment as healthcare professionals, a field that consistently requires workers.
The number of healthcare positions is growing due to the rising needs of an older population.
Several positions require direct involvement and are difficult to automate.
Approximately 50,000 out of the 135,000 new positions secured by female graduates in the last year were within the healthcare sector.
That number reflects more than twice the total number of extra positions filled by their male counterparts across any industry during the same time frame, according to the FT.
However, for men and women who have completed collegeIt is the toughest period in ten years to take that initial step onto the career path, as per the most recent government data.
Young professionals are expressing frustration over the expectation of years of experience for roles that are supposed to be entry-level.
Some people mention that they have to submit applications for more than 60 positions before securing a possible job.
National unemployment is generally low, standing at 4 percent, although it increases to 6.6 percent among recent college graduates, according to data from the Labor Department.
The data indicates an increase from the 6 percent unemployment level among new graduates observed during the same period last year.
It is part of a broader pattern where entry-level hiring has decreased by a remarkable 17 percent since April 2019, as per LinkedIn data.
The unfavorable news for recent graduates arises even though amore robust-than-anticipated employment data from early this monthwhich suggested that the job market remained stable despite theeconomic instability resulting from President Donald Trump’s import taxes.
The economy created 139,000 jobs in May, exceeding the Dow Jones prediction of 125,000.
But even with the improved figures, it still marked a slowdown in job creation compared to April, indicating ongoing challenges.doubt regarding the future direction of the US economy.
In the meantime, the work patterns of Generation Z — individuals born between 1997 and 2012 —are increasingly under scrutiny. Employers are dismissing Generation Z workers at an unprecedented rate, a new study found.
