Graduates are facing a challenging job market with a 33% decline in entry-level positions compared to the previous year. This downturn is partly due to a general slowdown in hiring, driven by employer caution amid economic uncertainty. Specifically, the number of entry-level jobs in professional fields is falling, significantly influenced by the rise of artificial intelligence (AI) performing tasks traditionally held by graduates. Companies like IBM use AI for routine tasks, suggesting fewer graduates may be hired in the future, impacting their career prospects and contributing to challenges for those with high student debt.
"A report from Indeed indicates that the job market for recent graduates is at its toughest since 2018, with a 33% decline in job advertisements compared to last year."
"The general slowdown in hiring is attributed to employers exercising caution in an unpredictable economic climate, affecting entry-level job availability across the board."
"AI is beginning to affect entry-level positions in professional occupations, with companies increasingly utilizing it for tasks traditionally performed by graduates."
"IBM's HR now uses AI for 94% of routine tasks, suggesting that the increasing adoption of AI could transform recruitment and productivity expectations among employers."
#graduates-job-market #entry-level-positions #ai-impact #recruitment-challenges #economic-uncertainty
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