Gen Z is increasingly skeptical of the value of degrees as new research reveals a growing unemployment rate among recent graduates. Data shows the unemployment rate for young males with degrees is similar to that of their non-degree holding peers, at roughly 7%. Employers are increasingly dropping degree requirements and focusing on skills. In contrast, women’s unemployment rates are lower, around 4%, likely due to expanding job opportunities in the healthcare sector, a recession-resistant field expected to produce 1.9 million openings annually.
The unemployment rate of males aged 22 to 27 is roughly the same, whether or not they hold a degree, indicating a shift in employment dynamics.
The unemployment rate among recent college graduates is on the rise, currently at about 5.5%, highlighting challenges for young degree holders.
Employers care less about credentials than they once did, especially when hiring for entry-level roles, reflecting a change in job market expectations.
While 7% of college-educated American men are unemployed, for women this drops to around 4%, showcasing diverging employment outcomes for recent graduates.
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