New Grads Face 35% Drop in Entry-Level Jobs Since 2023
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Entry-level job postings across the United States have seen a staggering 35% decline since the beginning of 2023, a trend that adds to the challenges faced by recent graduates entering an increasingly competitive job market. This reduction is particularly impactful for young professionals aged 22-55 who are navigating early career developments while often supporting families. The financial repercussions are significant, as this decline delays financial independence and exacerbates household budget constraints. Families are feeling the pressure through postponed purchases and heightened reliance on parental support, shaping the career trajectories of new graduates. We analyze the factors contributing to this downturn and offer strategies to help those impacted navigate the shifting landscape.
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Key Entities
- • Revelio Labs - An analytics firm that tracks U.S. job market data, revealing the decline in entry-level postings.
- • New College Graduates - The primary group affected, encountering fewer opportunities to launch their careers.
- • U.S. Employers - Companies are scaling back entry-level hiring amid economic uncertainty.
- • Early-Career Professionals - Individuals aged 22-55 facing delayed promotions and financial planning challenges.
Bias Distribution
Source & Verification
Source: morning_brew
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