-
What are the current job market trends for new graduates?
As of June 2025, the job market for recent graduates is tough, with hiring rates at their lowest since 2013. Despite a low unemployment rate, many graduates are struggling to find suitable roles, leading to an increase in individuals holding multiple jobs. This trend reflects the economic necessity many face due to high living costs and student debt.
-
How are graduates adapting to economic pressures?
Graduates are adapting to economic pressures by engaging in 'polyworking,' which involves juggling multiple jobs to make ends meet. This approach has become increasingly common, with over 8.9 million people in the U.S. holding multiple jobs as of March 2025. While some view polyworking as empowering, it often highlights the financial struggles that compel individuals to seek additional sources of income.
-
What is 'polyworking' and why is it becoming common?
'Polyworking' refers to the practice of individuals taking on multiple jobs simultaneously. This trend has gained traction among recent graduates due to economic pressures, such as rising living costs and student debt. While it can provide financial relief, it also underscores the challenges graduates face in securing stable, full-time employment.
-
What personal stories illustrate the struggles of recent graduates?
Personal stories, such as that of Ferraro, highlight the difficulties faced by recent graduates. Despite having pursued higher education, Ferraro returned to trucking due to a lack of opportunities in his desired field of public service. Such narratives reflect the broader challenges in the job market, where many graduates are forced to reconsider their career paths.
-
What are the implications of high unemployment for new graduates?
High unemployment rates among recent graduates can lead to long-term career impacts, including underemployment and skill stagnation. Many graduates may find themselves in jobs that do not utilize their degrees, which can affect their future job prospects and overall job satisfaction. This situation emphasizes the need for systemic changes in the job market to better support new entrants.