Recent graduates facing 'deteriorated' labor market as unemployment reaches highest level in years

Recent college graduates are aggressively hunting for their first job, but they are facing one significant problem: the labor market is deteriorating. Economic research from the Federal Reserve Bank of New York indicated the labor market "deteriorated noticeably" in the first quarter of 2025, with those just entering the workforce taking the hardest hits. The Labor Department reported that employers in May while unemployment held steady at 4.2%. The unemployment rate for all college grads was 2.7%, but the rate for those between the ages of 22 and 27 years...