Job Market Trends: Challenges for New Grads

Unemployment on the Rise: A Challenging Job Market Ahead - The job market is expected to remain tough, with unemployment reaching a two-year high of 4.4% in September and experts predicting it to peak at 4.5% this year. Job growth has slowed, and layoffs are increasing, creating a low-hire, low-fire environment. Younger Americans, particularly new college graduates, face a difficult job market, with over half of employers rating it as poor or fair. The healthcare sector, which has been a major job growth driver, may slow down, putting more pressure on the overall job market. Experts advise job seekers to focus on skill-building, internships, and on-campus work experience to stay competitive.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.