Bloomberg: 1-in-5 recent male college grads have completely left the workforce

Gaius · 2024-08-31T08:54:27.406Z

From the article:

The share of male college graduates participating in the workforce has declined in the past year, with 1 in 5 under the age of 25 neither employed nor actively looking for work, according to the latest 12-month average in a Bloomberg News analysis of government data. . . .

Recent college graduates are confronting a job market that’s shifting into a lower gear after a three-year run of historically strong hiring. The unemployment rate ticked up for a fourth month in July, while the ratio of openings to job seekers was at 1.2 in June—down from a peak of 2-to-1 in 2022. . . .

Male-dominated industries such as technology and finance have been at the forefront of the recent slowdown, eliminating positions and halting expansion plans as they cope with overhiring, higher borrowing costs and an uncertain economic outlook. . . .

https://www.bloomberg.com/news/articles/2024-08-13/young-men-with-college-degrees-have-quit-looking-for-us-jobs

Samm · 2024-08-31T09:54:22.161Z

They are probably just bummed out about their huge student debt. Forgive that and they will all become productive members of society.

Toll_Collector · 2024-08-31T13:14:23.599Z

I guess they don’t have their own apartments.

Eagle-Keeper · 2024-08-31T13:39:36.950Z

Gaius:

Recent college graduates are confronting a job market that’s shifting into a lower gear after a three-year run of historically strong hiring. The unemployment rate ticked up for a fourth month in July, while the ratio of openings to job seekers was at 1.2 in June—down from a peak of 2-to-1 in 2022. . . .

Well the Harris/Biden economy has created its fair share of low wage part time dead end jobs, but they will have to compete with millions of phony asylum seekers for them.

Gaius · 2024-08-31T14:00:14.443Z

The story brings to mind

The opening scenes from The Graduate, and
The opening scenes from Cheech & Chong’s Up in Smoke
smoke

each of which reveals a protagonist who is a recent college graduate neither employed nor seeking employment.

image990×563 33.9 KB

Liberty323 · 2024-08-31T14:15:36.065Z

Chong was about 40 and his dad was threatening to send him to military school.

Gaius · 2024-08-31T14:28:41.233Z

Yeah, rumor has it the film-maker and at least one of the writers were stoned at the time.

bigtwnvin · 2024-08-31T16:40:08.641Z

I would have never guessed that.

LucyLou · 2024-08-31T17:34:46.181Z

Gaius:

From the article:

The share of male college graduates participating in the workforce has declined in the past year, with 1 in 5 under the age of 25 neither employed nor actively looking for work, according to the latest 12-month average in a Bloomberg News analysis of government data. . . .

Recent college graduates are confronting a job market that’s shifting into a lower gear after a three-year run of historically strong hiring. The unemployment rate ticked up for a fourth month in July, while the ratio of openings to job seekers was at 1.2 in June—down from a peak of 2-to-1 in 2022. . . .

Male-dominated industries such as technology and finance have been at the forefront of the recent slowdown, eliminating positions and halting expansion plans as they cope with overhiring, higher borrowing costs and an uncertain economic outlook. . . .

Bloomberg - Are you a robot?

This isn’t the first time nor will it be the last that hiring “shifts into a lower gear after a three year run of historically strong hiring”.

Gaius · 2024-08-31T19:31:31.898Z

Yeah,
Is there a word for that low thingy that follows a boom?
Cause I’m predicting one might happen,
heck, it might already be underway.

Question is, “Is it good policy to pretend it is not happening?”

bigtwnvin · 2024-08-31T20:58:07.335Z

Maybe that “Trade School” route might have been the better choice?

TheRedComet · 2024-08-31T22:53:49.116Z

They must not have bills.

e7alr · 2024-09-01T01:59:53.041Z

No, there is a cover charge for being alive. They just aren’t the one paying it.

bigtwnvin · 2024-09-19T14:45:57.746Z

Too chicken ■■■■ to put on a uniform and defend the country and system that made it possible to get that degree in “Gender Studies” and run up tens of thousands of dollars in student loan debt.
They could have enlisted after HS did a 3-4 year contract and gotten their education paid for.

e7alr · 2024-09-19T14:49:30.203Z

Can’t wear a man bun and those silly oversized earring hole expanders in uniform.

bigtwnvin · 2024-09-19T15:10:33.779Z