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Study reveals key driver of high unemployment rates for recent college grads
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleA new study by the Federal Reserve Bank of New York indicates that the surge in remote work since the pandemic is the primary factor behind elevated unemployment rates for recent college graduates.The research found that the unemployment rate for young college graduates in 'remotable' professions increased by approximately one percentage point between 2017-2019 and 2022-2024, while older workers in these fields saw a slight decline in joblessness.The study concludes that companies are hesitant to hire new college graduates for remote roles because effective training and mentoring are more challenging outside a traditional office setting, attributing nearly two-thirds of the increase in unemployment among young college graduates to remote work.The unemployment rate for college graduates under 29 rose 20% from pre-pandemic levels to an average of 3.7% between 2022 and 2025, with those aged 22 through 27 reaching 5.8% last year, the highest rate outside the pandemic since 2012.The findings, which align with a 'low-hire, low-fire' job market, also highlight that artificial intelligence had minimal impact on youth unemployment, as the deteriorating job outlook for young graduates predates the widespread development of AI tools.In fullRemote work blamed for rise in unemployment rate for recent college gradsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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npr.org
Remote work -- not AI -- has sidelined recent college graduates, research finds
Research from the New York Fed finds that younger college graduates have been sidelined by remote work in recent years, as companies may be reluctant to hire those needing more…
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cnbc.com
Remote work is worsening youth unemployment, New York Fed finds
The expansion of remote work may explain the recent surge in youth unemployment, according to research by the Federal Reserve Bank of New York.
