In recent months, media coverage surrounding the impact of AI on the labour force has increasingly featured anecdotes of companies across multiple industries scaling back hiring for entry-level positions, as they attempt to utilise AI to fill these roles.
For the most part, the evidence of this shift has been largely contained to personal accounts from those in the industry, but we are starting to see data emerge pointing to potentially significant weakness in the U.S. labour market for recent college graduates, although to what degree that is stemming from the adoption of AI remains unclear.
According to figures from Kickresume, 58% of college graduates who finished up their studies in the last 12 months are still looking for work. This compares to 25% of older graduates across a range of age demographics at the same time in their post-tertiary education job search.
