{"id":24603,"date":"2025-03-25T08:01:42","date_gmt":"2025-03-25T09:01:42","guid":{"rendered":"http:\/\/medexperts.pro\/?p=24603"},"modified":"2025-03-25T09:23:16","modified_gmt":"2025-03-25T09:23:16","slug":"layoffs-and-unemployment-grow-among-college-graduates","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=24603","title":{"rendered":"Layoffs and Unemployment Grow Among College Graduates"},"content":{"rendered":"
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When Starbucks announced last month<\/a> that it was laying off more than 1,000 corporate employees, it highlighted a disturbing trend for white-collar workers: Over the past few years, they have seen a steeper rise in unemployment than other groups, and slower wage growth<\/a>.<\/p>\n

It also added fuel to a debate that has preoccupied economists for much of that time: Are the recent job losses merely a temporary development? Or do they signal something more ominous and irreversible?<\/p>\n

After sitting below 4 percent for more than two years, the overall unemployment rate has topped that threshold since May.<\/p>\n

Economists say that the job market remains strong by historical standards and that much of the recent weakening appears connected to the economic impact of the pandemic. Companies hired aggressively amid surging demand, then shifted to layoffs once the Federal Reserve began raising interest rates. Many of these companies have sought to make their operations leaner under pressure from investors.<\/p>\n<\/div>\n<\/div>\n

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But amid rapid advances in artificial intelligence and President Trump\u2019s targeting of federal agencies, which disproportionately support white-collar jobs, some wonder if a permanent decline for knowledge work has begun.<\/p>\n

\u201cWe\u2019re seeing a meaningful transition in the way work is done in the white-collar world,\u201d said Carl Tannenbaum, the chief economist of Northern Trust. \u201cI tell people a wave is coming.\u201d<\/p>\n

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When Starbucks announced last month that it was laying off more than 1,000 corporate employees, it highlighted a disturbing trend for white-collar workers: Over the past few years, they have seen a steeper rise in unemployment than other groups, and slower wage growth.It also added fuel to a debate that has preoccupied economists for much of that time: Are the recent job losses merely a temporary development? Or do they signal something more ominous and irreversible?After sitting below 4 percent for more than two years, the overall unemployment rate has topped that threshold since May.Economists say that the job market remains strong by historical standards and that much of the recent weakening appears connected to the economic impact of the pandemic. Companies hired aggressively amid surging demand, then shifted to layoffs once the Federal Reserve began raising interest rates. Many of these companies have sought to make their operations leaner under pressure from investors.But amid rapid advances in artificial intelligence and President Trump\u2019s targeting of federal agencies, which disproportionately support white-collar jobs, some wonder if a permanent decline for knowledge work has begun.\u201cWe\u2019re seeing a meaningful transition in the way work is done in the white-collar world,\u201d said Carl Tannenbaum, the chief economist of Northern Trust. \u201cI tell people a wave is coming.\u201dWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":24605,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-24603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/24603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24603"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/24603\/revisions"}],"predecessor-version":[{"id":24606,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/24603\/revisions\/24606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/24605"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}