::waves in Reagan-era GenX::
(and remembers that Biden is a big part of the reason that those unemployed degree-holders will never not have that ever-expanding student loan albatross around their necks)

learn a trade and join a union, kids

Americans With Four-Year Degrees Now Comprise a Record 25% of Unemployed Workers

There were more than 1.9 million Americans aged 25 and over with at least a bachelor’s degree who were unemployed in September — one in four of the total number of unemployed. Before 2025, the ratio never reached such a high in data going back to 1992. Younger, recent college grads have also been struggling to find work.

Rising unemployment among the college-educated “should further fuel AI-related job loss fears,” Michael Feroli, the chief US economist at JPMorgan Chase & Co., said Thursday in a note following the release.

The milestone comes amid a raft of high-profile layoff announcements from major corporations including Amazon.com, Target Corp. and Starbucks Corp. A recent report by the outplacement firm Challenger, Gray & Christmas indicated job-cut announcements last month were the highest for any October in more than 20 years, fueled by plans to replace positions with artificial intelligence.

Verizon Communications Inc. on Thursday became the latest to announce wide-ranging cuts, saying it would let go of more than 13,000 employees in a bid to shrink its non-union workforce by as much as 20%.

“For the new graduates from college, they they did get hit by a bit of a perfect storm,” Federal Reserve Bank of New York President John Williams said Friday. Normally, “college graduates are being swept into the labor market as they get out of college, and that has not happened as much this year,” he said in answering questions after a speech in Santiago, Chile.

https://www.msn.com/en-us/money/markets/americans-with-four-year-degrees-now-comprise-a-record-25-of-unemployed-workers/ar-AA1QTUzs