Gen Z unemployment—workers 20 to 24 without prior experience—is a barely improved 242,000. It’s the highest unemployment for recent grads since 2016.

A summer hiring slump dogged the US labor market in July as the economy unexpectedly lost 23,000 jobs, according to new data released Friday by the Bureau of Labor Statistics.

Gen Z unemployment—workers 20 to 24 without prior experience—is a barely improved 242,000. It’s the highest unemployment for recent grads since 2016.