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AI Adoption Could Spike Graduate Unemployment Above 30%

3/14/2026

Summary

Story summary

ServiceNow CEO Bill McDermott warns artificial intelligence (AI) adoption could push college graduate unemployment above 30% in coming years.
He cites Block and Atlassian job cuts as evidence of AI impacting white-collar roles.
By end of 2025, Federal Reserve Bank of New York reports 5.7% unemployment and 42.5% underemployment among recent graduates.
Companies use AI to boost productivity, driving workforce reductions and making it harder for new graduates to compete.

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Story summary

ServiceNow CEO Bill McDermott warns artificial intelligence (AI) adoption could push college graduate unemployment above 30% in coming years.
He cites Block and Atlassian job cuts as evidence of AI impacting white-collar roles.
By end of 2025, Federal Reserve Bank of New York reports 5.7% unemployment and 42.5% underemployment among recent graduates.
Companies use AI to boost productivity, driving workforce reductions and making it harder for new graduates to compete.