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Gen Z Jobless Rate Soars Amid Economic Turmoil

9/6/2025

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Summary

Story summary

Gen Z's unemployment rate exceeds the national average for recent college graduates, as reported by the Bank of America Institute.
In July 2025, recent graduates faced an unemployment rate significantly above the national average of 4.2%.
Over 13% of unemployed individuals were new job market entrants, the highest since 1988.
Economic pressures like inflation and recession fears are affecting Gen Z's financial stability.
AI disruption is limiting entry-level job opportunities for young workers, while Canada also sees rising youth unemployment.

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Story summary

Gen Z's unemployment rate exceeds the national average for recent college graduates, as reported by the Bank of America Institute.
In July 2025, recent graduates faced an unemployment rate significantly above the national average of 4.2%.
Over 13% of unemployed individuals were new job market entrants, the highest since 1988.
Economic pressures like inflation and recession fears are affecting Gen Z's financial stability.
AI disruption is limiting entry-level job opportunities for young workers, while Canada also sees rising youth unemployment.