1 hr. ago
America's newest college graduates were sold the college premium. Four in 10 of them are working jobs that never needed the diploma.
About 42% of recent college graduates, ages 22 to 27, were underemployed in June, working jobs that typically don't require a bachelor's degree, according to the Federal Reserve Bank of New York's tracker of the labor market for recent college graduates. That's up from 41.8% in May but down from 42.4% in November 2025 and below the pandemic-era high of 43.4% in October 2020.
Unemployment is the other half of the problem. Recent grads' jobless rate hit 5.7% in June, well above the 4.1% rate for all workers. That's a reversal. From 1990, when the Fed's data begins, through 2018, recent grads were more likely to be unemployed than the average worker in just eight months. They have been more likely every month since January 2021. The gap hit a record 1.8 percentage points in April 2025 and is still near it.
Some degrees fare much worse than others. Using 2024 Census data, the Fed's breakdown by college major found criminal justice had the most underemployment, at 65.8%, followed by performing arts at 63.9% and fine arts at 58.9%.
On unemployment, computer engineering was second-worst of any major at 7.8%, and computer science fourth at 7%. Education majors fared best: special education had a 0.7% jobless rate and elementary education 1.2%. Nursing was 2.1%.
#recent #Education #june #grads
About 42% of recent college graduates, ages 22 to 27, were underemployed in June, working jobs that typically don't require a bachelor's degree, according to the Federal Reserve Bank of New York's tracker of the labor market for recent college graduates. That's up from 41.8% in May but down from 42.4% in November 2025 and below the pandemic-era high of 43.4% in October 2020.
Unemployment is the other half of the problem. Recent grads' jobless rate hit 5.7% in June, well above the 4.1% rate for all workers. That's a reversal. From 1990, when the Fed's data begins, through 2018, recent grads were more likely to be unemployed than the average worker in just eight months. They have been more likely every month since January 2021. The gap hit a record 1.8 percentage points in April 2025 and is still near it.
Some degrees fare much worse than others. Using 2024 Census data, the Fed's breakdown by college major found criminal justice had the most underemployment, at 65.8%, followed by performing arts at 63.9% and fine arts at 58.9%.
On unemployment, computer engineering was second-worst of any major at 7.8%, and computer science fourth at 7%. Education majors fared best: special education had a 0.7% jobless rate and elementary education 1.2%. Nursing was 2.1%.
#recent #Education #june #grads
1 month ago
Become a CEO after your MBA: that's the promise some private equity firms are using to recruit top operating talent.
This promise propels the best and brightest into top executive roles without requiring them to climb the corporate ladder, underpinned by the belief that cultivating talent is a better bet than making semi-blind bets on external hires.
Alpine Investors and Shore Capital Partners have each built separate pipelines to funnel operational talent, aiming to equip executives to take charge of their portfolio companies.
Lower-middle-market buyout firm Shore Capital Partners runs what it calls its CXO program, a two-year training scheme that places early- to mid-career talent and recent MBA grads into C-suite-adjacent roles at its portfolio companies—typically chief of staff or vice president of business operations or strategic initiatives.
Top-performing CXO graduates then have the chance to be promoted to C-level positions. So far, Shore has produced four CEOs from the CXO program. This includes Mark Larsen, who has been CEO of medical software business Connexure since 2024.
#Companies
This promise propels the best and brightest into top executive roles without requiring them to climb the corporate ladder, underpinned by the belief that cultivating talent is a better bet than making semi-blind bets on external hires.
Alpine Investors and Shore Capital Partners have each built separate pipelines to funnel operational talent, aiming to equip executives to take charge of their portfolio companies.
Lower-middle-market buyout firm Shore Capital Partners runs what it calls its CXO program, a two-year training scheme that places early- to mid-career talent and recent MBA grads into C-suite-adjacent roles at its portfolio companies—typically chief of staff or vice president of business operations or strategic initiatives.
Top-performing CXO graduates then have the chance to be promoted to C-level positions. So far, Shore has produced four CEOs from the CXO program. This includes Mark Larsen, who has been CEO of medical software business Connexure since 2024.
#Companies
1 month ago
In late 2022, OpenAI released ChatGPT, and within months the bottom rung of the tech-industry career ladder started to disappear. Graduates who majored in computer science and other AI-exposed fields are increasingly missing out on the jobs they trained for, and a chunk of them are landing behind restaurant counters and retail registers instead, according to two Census Bureau papers.
An April 2026 Census paper tracked matched employer-employee records and found that hiring of workers ages 22 to 24 fell sharply in the industries most exposed to AI, while hiring in less-exposed industries held steady. Employment for early-career workers in the most AI-exposed fifth of industries dropped 12% over the ten quarters after ChatGPT's release. Lee Tucker, one of the coauthors of the paper, said "the decline in hires is the primary cause" of that rate of unemployment, not people losing jobs they already had.
That mattered most for one type of graduate. The most AI-exposed industries, Tucker found, cluster heavily around software and information-technology work, which are the very fields computer science and other highly AI-exposed majors are built to feed into.
A second paper from last week, also coauthored by Tucker, follows the graduates of the most AI-exposed decile of college majors. Their odds of holding a job one quarter after graduation fell by five percentage points, and full-quarter initial earnings dropped 13% following ChatGPT's release. A 13% earnings decline is roughly the size economists would expect from graduating into a severe recession—except there wasn't one, since the rest of the labor market held up fine.
Young grads still need to work and still have jobs, even if they've received highly exposed degrees. So the decline in earnings is less about a lack of employment and more about pursuing lower-wage occupations to make ends meet.
#graduates
An April 2026 Census paper tracked matched employer-employee records and found that hiring of workers ages 22 to 24 fell sharply in the industries most exposed to AI, while hiring in less-exposed industries held steady. Employment for early-career workers in the most AI-exposed fifth of industries dropped 12% over the ten quarters after ChatGPT's release. Lee Tucker, one of the coauthors of the paper, said "the decline in hires is the primary cause" of that rate of unemployment, not people losing jobs they already had.
That mattered most for one type of graduate. The most AI-exposed industries, Tucker found, cluster heavily around software and information-technology work, which are the very fields computer science and other highly AI-exposed majors are built to feed into.
A second paper from last week, also coauthored by Tucker, follows the graduates of the most AI-exposed decile of college majors. Their odds of holding a job one quarter after graduation fell by five percentage points, and full-quarter initial earnings dropped 13% following ChatGPT's release. A 13% earnings decline is roughly the size economists would expect from graduating into a severe recession—except there wasn't one, since the rest of the labor market held up fine.
Young grads still need to work and still have jobs, even if they've received highly exposed degrees. So the decline in earnings is less about a lack of employment and more about pursuing lower-wage occupations to make ends meet.
#graduates
3 months ago
Ultimate Fighting Championship (UFC) is live THIS MORNING (Sat., Aug. 1, 2026) with UFC Belgrade, streaming live online via Paramount+. The event happens inside Beogradska Arena in Belgrade, Serbia. This is the promotion's first-ever trip to the Balkans. Uros Medic vs. Daniel Rodriguez serves as our main event today.
Medic — from nearby Novi Sad, Serbia — gets his first UFC main event slot here. He's earned it with blistering finishes over Geoff Neal (see that here), Muslim Salikhov (that one here) and Gilbert Urbina (re-live that here). The combined time of those fights is less than four minutes. Rodriguez, meanwhile, is coming off a grueling win over Kevin Holland; however, he's been held out for sometime because of legal issues (which saw him stuck in a Mexican jail for eight months).
The co-main event is Jan Blachowicz vs. Navajo Stirling. Blachowicz was scheduled to face Bogdan Guskov, before Guskov was needed in Abi Dhabi last weekend. Stirling comes in on short notice, just a month removed from his win over Ion Cutelaba.
The rest of the main card is a "Balkans vs. The World" theme with Aleksandar Rakic vs. Marcin Tybura, Dusko Todorovic vs. Robert Valentin, Vlasto Cepo vs. Gilbert Urbina and Milos Janicic vs. Noah Gugnon.
The "Prelims" are headlined by Ludovit Klein vs. Tofiq Musayev. Mateusz Rebecki (a walking "Fight of the Night") also makes an appearance. He's facing Kyle Prepolec. Other notable fights on the undercard include Oban Elliott vs. Michael Oliveira and Bogdan Grad vs. Dennis Buzukja.
#gilbert
Medic — from nearby Novi Sad, Serbia — gets his first UFC main event slot here. He's earned it with blistering finishes over Geoff Neal (see that here), Muslim Salikhov (that one here) and Gilbert Urbina (re-live that here). The combined time of those fights is less than four minutes. Rodriguez, meanwhile, is coming off a grueling win over Kevin Holland; however, he's been held out for sometime because of legal issues (which saw him stuck in a Mexican jail for eight months).
The co-main event is Jan Blachowicz vs. Navajo Stirling. Blachowicz was scheduled to face Bogdan Guskov, before Guskov was needed in Abi Dhabi last weekend. Stirling comes in on short notice, just a month removed from his win over Ion Cutelaba.
The rest of the main card is a "Balkans vs. The World" theme with Aleksandar Rakic vs. Marcin Tybura, Dusko Todorovic vs. Robert Valentin, Vlasto Cepo vs. Gilbert Urbina and Milos Janicic vs. Noah Gugnon.
The "Prelims" are headlined by Ludovit Klein vs. Tofiq Musayev. Mateusz Rebecki (a walking "Fight of the Night") also makes an appearance. He's facing Kyle Prepolec. Other notable fights on the undercard include Oban Elliott vs. Michael Oliveira and Bogdan Grad vs. Dennis Buzukja.
#gilbert
4 months ago
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In the age of artificial intelligence, "the most valuable professionals will be those who can combine AI capabilities with distinctly human strengths," according to a report released June 25 by the Graduate Management Admission Council.
According to the 600 global recruiters surveyed by GMAC, employers anticipate that AI tool-related skills and strategic thinking will be the most important skills for business school graduates in the next five years — but many professionals struggle to demonstrate capabilities in these areas.
Recruiters reported "notable shortages" in skills related to AI capabilities, grit, emotional intelligence and managing workers. Professionalism may also be lacking in recent business school grads, per the report.
Communication skills shot up to the top spot in most important skills in 2026, the results showed, moving from third place the year before — indicating that the push to use AI tools has also emphasized the importance of strong communicators.
In the age of artificial intelligence, "the most valuable professionals will be those who can combine AI capabilities with distinctly human strengths," according to a report released June 25 by the Graduate Management Admission Council.
According to the 600 global recruiters surveyed by GMAC, employers anticipate that AI tool-related skills and strategic thinking will be the most important skills for business school graduates in the next five years — but many professionals struggle to demonstrate capabilities in these areas.
Recruiters reported "notable shortages" in skills related to AI capabilities, grit, emotional intelligence and managing workers. Professionalism may also be lacking in recent business school grads, per the report.
Communication skills shot up to the top spot in most important skills in 2026, the results showed, moving from third place the year before — indicating that the push to use AI tools has also emphasized the importance of strong communicators.
7 months ago
Old age isn’t a modern phenomenon – many people lived long enough to grow old in the olden days, too
Every year I ask the college students in the course I teach about the 14th-century Black Death to imagine they are farmers or nuns or ****** les in the Middle Ages. What would their lives have been like in the face of this terrifying disease that killed millions of people in just a few years?
Setting aside how they envision what it would be like to confront the plague, these undergrads often figure that during the medieval period they would already be considered middle-aged or elderly at th
Every year I ask the college students in the course I teach about the 14th-century Black Death to imagine they are farmers or nuns or ****** les in the Middle Ages. What would their lives have been like in the face of this terrifying disease that killed millions of people in just a few years?
Setting aside how they envision what it would be like to confront the plague, these undergrads often figure that during the medieval period they would already be considered middle-aged or elderly at th
