"Historically, new college graduates were more likely to have a job than the average worker. Now, however, the recent-grad unemployment rate is slightly higher than that of the overall workforce. That's in part because there are fewer positions to go around. Job postings on Handshake, a career-services platform for college students and recent graduates, have fallen by more than 16 percent in the past year,"
"Another factor is making job hunting even grimmer: The hiring process is starting to break down. In the past, companies looking for fresh entry-level talent could rely on a college graduate's GPA as a mark of their intelligence and work ethic. Hiring managers could assess a candidate's cover letter and interview performance to get a sense of their writing and communication skills."
Searching for a first job after college currently requires patience, resilience, and coping with rejection. Companies are uncertain whom to hire, applicants struggle to stand out, and overall morale is low. Recent-graduate unemployment is slightly higher than the overall workforce as entry-level postings have declined; Handshake listings fell more than 16 percent in the past year and companies warn of a worse entry-level market. Traditional hiring signals are eroding: rampant grade inflation has made GPAs less informative, and widespread AI use has produced cover letters and interview assistance that undermine assessments of communication and fit. Grades have risen substantially at elite and public universities while standardized-test scores have declined.
Read at The Atlantic
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