Gen Z men with college degrees now have the same unemployment rate as non-grads—a sign that the higher education payoff is dead
Article here. Excerpt:
'Gen Z is struggling to break into the entry-level job market—but young male college graduates may be hurting the most.
Data from the Federal Reserve indicates that the unemployment rate among recent college graduates is on the rise, at about 5.6%.
Although it remains lower than the 7.8% rate among all young workers between 22 and 27 years old, men with a college degree now have roughly the same unemployment rate as young men who didn’t go to college, according to an analysis of U.S. Current Population Survey data by the Financial Times.
In comparison, around 2010, non-college-educated men experienced unemployment rates over 15%, whereas the rate among college graduates was closer to 7%.
It’s a stark sign that the job market boost once promised by a degree has all but vanished and that employers care less about credentials than they once did when hiring for entry-level roles.'
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