Gen Z is increasingly slamming their degrees as useless, and new research indicates there may be some truth when it comes to the job hunt. In fact, the unemployment rate of males aged 22 to 27 is roughly the same, whether or not they hold a degree. It comes as employers drop degree requirements and young men ditch corporate jobs for skilled trades.
Gen Z is struggling to break into the entry-level job market—but young male college graduates may be hurting the most.
The most recent data from the Federal Reserve indicates that the unemployment rate among recent college graduates is on the rise, at about 5.5%.
Although it remains lower than the 6.9% rate among all young workers between 22 and 27 years old, men with a college degree now have roughly the same unemployment rate as young men who didn’t go to college, according to an analysis of U.S. Current Population Survey data by the Financial Times.
In comparison, around 2010, non-college-educated men experienced unemployment rates over 15%, whereas the rate among college graduates was closer to 7%.
It’s a stark sign that the job market boost once promised by a degree has all but vanished—and that employers care less about credentials than they once did, when hiring for entry-level roles.
In comparison, around 2010, non-college-educated men experienced unemployment rates over 15%, whereas the rate among college graduates was closer to 7%.
It’s a stark sign that the job market boost once promised by a degree has all but vanished—and that employers care less about credentials than they once did, when hiring for entry-level roles.
fortune.com
Gen Z is struggling to break into the entry-level job market—but young male college graduates may be hurting the most.
The most recent data from the Federal Reserve indicates that the unemployment rate among recent college graduates is on the rise, at about 5.5%.
Although it remains lower than the 6.9% rate among all young workers between 22 and 27 years old, men with a college degree now have roughly the same unemployment rate as young men who didn’t go to college, according to an analysis of U.S. Current Population Survey data by the Financial Times.
In comparison, around 2010, non-college-educated men experienced unemployment rates over 15%, whereas the rate among college graduates was closer to 7%.
It’s a stark sign that the job market boost once promised by a degree has all but vanished—and that employers care less about credentials than they once did, when hiring for entry-level roles.
In comparison, around 2010, non-college-educated men experienced unemployment rates over 15%, whereas the rate among college graduates was closer to 7%.
It’s a stark sign that the job market boost once promised by a degree has all but vanished—and that employers care less about credentials than they once did, when hiring for entry-level roles.
Gen Z men with college degrees now have the same unemployment rate as non-grads—a sign that the higher education payoff is dead
Gen Z is increasingly slamming their degrees as useless, and new research indicates there may be some truth when it comes to the job hunt.
