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James Pethokoukis: Recent grads face higher unemployment amid low-hire job market

James Pethokoukis: Recent grads face higher unemployment amid low-hire job market
Recent grads face higher unemployment gap

James Pethokoukis questions whether artificial intelligence is to blame for higher unemployment rates among recent graduates compared to college graduates overall.

He notes that this gap emerged in early 2022 before widespread AI deployment. Instead, Pethokoukis attributes the trend to a low-hire, low-fire labor market shaped by Federal Reserve rate hikes, trade uncertainty, and slowing immigration.

Pethokoukis has recently covered major shifts in technology company valuations. He pointed out that Google’s $900 million stake in SpaceX has grown to $125 billion. In a prior article, he observed that SpaceX’s valuation surge has been driven by Elon Musk’s public image rather than business fundamentals.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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