Fortune (August 2)
“Recent college graduates face one of the toughest job markets in years.” Some have attributed this to AI and automation, but others like Berkeley economist Brad DeLong believe “larger forces are at work.” He believes “the challenges confronting young job-seekers today are primarily driven by widespread policy uncertainty and a sluggish economy.” Basically, these unlucky “new entrants to the job market are bearing the brunt of the retreat to risk aversion.”
Tags: AI, Automation, Berkeley, Challenges, College graduates, DeLong, Economist, Job markets, Job seekers, Policy uncertainty, Sluggish economy, Toughest
Bloomberg (September 1)
“That jump in the unemployment rate was not a reflection of companies firing workers in anticipation of a slowdown.” A “very large 700,000 increase” in job seekers “caused the labor force participation rate to jump to 62.8%, the highest since before the pandemic.”
Tags: 62.8%, Companies, Firing, Highest, Job seekers, Jump, Labor force, Pandemic, Participation rate, Slowdown, Unemployment rate, Workers
