New graduates are having an especially tough time landing a job right now: The share of unemployed Americans that are new to the workforce is at a 37-year high.
Why it matters: It’s a sign of how reluctant companies have been to hire amid ongoing economic uncertainty over tariffs and policy.
By the numbers: 13.4% of unemployed Americans in July were “new labor force entrants,” those looking for jobs with no prior work experience, including new high school and college graduates.
It’s the highest number since 1988, as the Baby Boomer generation was flooding the job market.
Wait, why should we trust this data again?
Fair point. This administration has made clear that departments who accurately report unfavorable economic information are subject to firings and elimination.
That said, this particular data shows no evidence of manipulation.