College graduates can’t find jobs in the United States.
May 28 (King World News) – Gerald Celente: With graduation season in full swing, graduates across the U.S. have been having difficulty landing their first jobs out of school—from entry-level positions to even internships, which economists say could be a signal of a softening labor market.
The Financial Times reported that job postings on Handshake, a graduate recruiting platform, were 15 percent lower from July 2024 to the middle part of last month, compared to 2024. The report also noted that Indeed, the employment website, has seen its internship postings slow to levels not seen since the COVID-19 outbreak.
James Knightley, the chief international economist at ING, told the paper that the “first thing to go” when the labor market slows down is “the entry-level hiring.”
The unemployment level in the U.S. came in at 4 percent in April, which economists say signals a tight jobs market. The Federal Reserve wanted the labor market to cool to hit its goal of 2 percent inflation with a “soft landing.”
The paper, citing data from the Federal Reserve Bank of New York, said the unemployment levels of college graduates between 22 and 27 reached 5.8 percent in March, which was a jump from 4.8 percent at the beginning of the year.
The FT’s report noted that businesses have been concerned about U.S. President Donald Trump’s tariff fight with trade partners that have destabilized some markets and made companies reconsider new hires. (See “SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE,” 29 Apr 2025.)
The paper noted that the National Association of Colleges and Employers asked companies about their interest in hiring college graduates in August and September and they said they would likely hire 7.3 percent more graduates in the coming year. That percentage dropped to 0.6 percent by March.
TRENDPOST: Kory Kantenga, head of economics for LinkedIn Americas, told CNN earlier this year that entry-level workers are “continuing to have a challenging labor market, and their slowdown is a little bit worse than it is for others in the workforce.”
The FT, citing the Bureau of Labor Statistics, reported that the monthly hiring rate for the first quarter showed 3.4 percent of hires were new workers, which was the worst level in over 10 years.
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