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https://financialpost.com/fp-work/americans-with-degrees-unemployed-workers
Thursday's labour figures showed young Americans are bearing the brunt of the recent rise in joblessness
Americans with four-year college degrees now comprise a record 25 per cent of total unemployment, underscoring a sharp slowdown in white-collar hiring this year.
Government-shutdown delayed monthly figures published Thursday by the United States Bureau of Labor Statistics showed the unemployment rate for bachelor's degree-holders rose to 2.8 per cent in September, up a half-percentage point from a year earlier. Other levels of education, by contrast, registered little or no increase over the same period.
There were more than 1.9 million Americans aged 25 and over with at least a bachelor's degree who were unemployed in September — one in four of the total number of unemployed. Before 2025, the ratio never reached such a high in data going back to 1992. Younger, recent college grads have also been struggling to find work.
Rising unemployment among the college-educated "should further fuel AI-related job loss fears," Michael Feroli, the chief U.S. economist at JPMorgan Chase & Co., said Thursday in a note following the release.
The milestone comes amid a raft of high-profile layoff announcements from major corporations including Amazon.com, Target Corp. and Starbucks Corp. A recent report by the outplacement firm Challenger, Gray & Christmas indicated job-cut announcements last month were the highest for any October in more than 20 years, fuelled by plans to replace positions with artificial intelligence.
(Score: 1) by khallow on Sunday November 30, @03:33AM (3 children)
When they aren't dumping it [reddit.com] in the landfill. /sarc
(Score: 2) by aafcac on Sunday November 30, @04:53AM (2 children)
That is true, the other issue is that the standards are higher for actual recycling and there has to be somebody that's willing to buy the recycled materials. Reducing and reusing remain more helpful strategies for a reason.
(Score: 1) by khallow on Sunday November 30, @05:35AM (1 child)
(Score: 2) by aafcac on Sunday November 30, @08:29PM
I think they likely will eventually, but the manufacturers really need to step up their game and stop making a bunch of products for customers that aren't recyclable because they mixed a bunch of different plastics together. I like to recycle, but the rules about what is and isn't recyclable are just too complicated. When I was a kid, there was a bunch of stuff that just had to be tossed. But, I knew generally if it was glass, paper or metal that it would definitely recycle and if it was plastic, you just looked at the numbers to see whether or not it could be. These days, I get a complicated picture with a bunch of examples of what does and doesn't recycle without any real guidance as to how to really know, and if too much recyclable material is in the garbage there are fines and they can refuse to pick it up. But, the rules are so complicated that I don't understand how they expect normal people to know whether or not that plastic can be recycled.