△Source: Princeton University official website
Post-pandemic, the employment situation of recent graduates in the United States has been lower than that of other types of job seekers, and the gap has widened in recent months.
According to the Federal Reserve Bank of New York, the underemployment rate among young Americans (working in jobs below their skills or abilities) has now increased to 40%, after remaining stable at around 33% for many years.
Can I only serve dishes?
In fact, the overall job market in the United States has been doing well.
On June 7, the U.S. Department of Labor released data showing that the U.S. added 272,000 jobs in May, and the labor market continued to remain relatively strong. Average hourly wages rose 4.1% year-on-year in May, both of which exceeded previous expectations.
But why can’t American college students find jobs?
American media and experts believe that this is because in the current job market, many industries with talent shortages are not necessarily the industries that recent graduates want to work in.
“The industries that are most short of staff in the market right now – such as restaurants, hotels, daycares and nursing homes – are not where college students want to work, and the industries they want to go to – such as technology, consulting, finance and media – are all laying off employees on a large scale and adjusting their hiring plans, ” said The Washington Post.
Meanwhile, job postings for construction jobs on job search site Indeed have increased 50% from pre-pandemic levels, while vacancies for software development and marketing positions have fallen 25%.
In the fields of technology and finance, which are the most popular fields for American college students, layoffs are being carried out in stages. Microsoft, Google, and Amazon, these technology giants have laid off tens of thousands of people; Goldman Sachs, Morgan Stanley, Citigroup and other Wall Street banks have also long joined the “layoff wave”.
This makes it embarrassing for college students studying related majors when looking for jobs.
For this generation of American college students, the epidemic has disrupted their study plans, and the post-epidemic job market has disappointed them again.
After entering the society, these graduates are increasingly dissatisfied with the current situation in the United States, and they are more concerned about economic issues such as employment, taxes and living costs. According to a survey by The New York Times, in swing states in the United States, 93% of young people believe that the economic situation in the United States is average or poor.
Even many young people have begun to give up financial independence and simply return home to become dependent on their parents.
