Thanks to AI and a sluggish economy, the first rung of the career ladder is disappearing for many young workers
When Federal Reserve Chair Jerome Powell last week explained the central bank’s first rate cut of 2025, he zeroed in on one group: young people. “Kids coming out of college and younger people … are having a harder time finding jobs,” he said, pointing to a slowing labor market that has left many new grads struggling to land their first jobs, and acknowledging that the “job-finding rate is very, very low.”