Youth unemployment in the U.S. is climbing. For 16-to-24-year-olds, the rate jumped from 6.6% in April 2023 to 10.4% in September, according to the Bureau of Labor Statistics. Recent college grads are struggling the most — prompting economists at The Burning Glass Institute to call it “no country for young grads.” Watch my latest video to learn why young workers aren’t landing jobs, whether AI plays a role, and what it means for the economy.
How AI Is Killing The Value Of A College Degree
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Hey Anuz Thapa, saw the video and that routed me to you here. One important aspect which I feel was missed out was employers increasingly using AI-powered systems to screen and filter candidates. These technologies, however promising, are a bit far from being 100% accurate and refined. This is becoming a big barrier for entry-level candidates to get their foot in the door for their career to start.
Anuz Thapa, the pace of change in entry-level hiring really seems to be outrunning how quickly companies can adjust their approaches to bring in new talent.
As a former teacher, how many kids are illiterate? College degrees are one aspect of unemployment, but when young people can't read their diplomas - it's another thing.
I watched this video yesterday, and it really hit me. The jump in youth unemployment is alarming, I appreciated how you broke down the pressures recent grads are facing and the honest look at how AI is reshaping early-career opportunities in a massive way.
Good segment.
Special thanks to Michael Lavin, Sameer Maskey, Cory Stahle, Anders Humlum, Gad Levanon, and Christine Y. Cruzvergara for helping me tell this story.