"In 2025, the share of unemployed Americans who are new workforce entrants hit a 37-year high, peaking at 13.3% in July before settling at 10.6% this February. That is still higher than at any point during the Great Recession."
"Today's labor market gains are isolated and uneven, largely bypassing young workers. Job gains have been narrowly concentrated in health care and social services."
"Meanwhile, finance and information services - industries that once provided an on-ramp for the lion's share of recent college graduates - are hemorrhaging jobs, shedding an average of 9,000 jobs per month since 2023."
"Young workers are refreshing job boards only to find a shrinking pool of openings. A record number of new workers are arriving at the doorstep of the labor market just as employers are pulling the door shut."
Gen Z faces significant challenges in the labor market due to structural issues rather than personal shortcomings. The unemployment rate for new workforce entrants reached a 37-year high, indicating a severe lack of opportunities. While the overall labor market appears strong, job gains are concentrated in specific sectors, leaving young workers with fewer options. Industries that traditionally employed recent graduates are losing jobs, exacerbating the difficulties for those entering the workforce. The combination of a shrinking job pool and increasing competition creates a dead end for young job seekers.
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