Recent College Grads Face Worst Employment Prospects In Decades Thanks To COVID-19…(For Nothing!)
by Tyler Durden
ZeroHedge.com
Sat, 10/24/2020
Just like their forebears (the millennials who graduated from college between 2008 and 2012) it appears Gen Z is facing a labor-market shock of serious magnitude, spurred by the coronavirus pandemic and its attendant impact on the American economy, swelling the unemployment rolls while also disrupting the typical pipeline of internships and entry-level gigs that usually help students find permanent entry-level jobs.
In a report published Friday morning, Bloomberg illustrated the difficulties faced by college graduates, and students in their early 2020s, who have just seen their job market plans go up in smoke. Data released yesterday showed the number of Americans filing for the first time for unemployment benefits fell to 787k (870k exp), the lowest point since lockdowns began.
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