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Graduate Unemployment 5.6%, Tech Layoffs Surge, Capitalism Doubtful

7/12/2026

35 4 Full Breakdown

Summary

Story summary

The New York Federal Reserve said recent college graduate unemployment rose to 5.6% in March 2026.
Challenger, Gray & Christmas reported 140,000 tech layoffs in 2026, with May’s 38,242 highest since August 2024.
A DSA survey showed white-collar jobs fell to 13% in 2021 from 21% in 2017, while tech employment was 9%.
A poll showed 51% said capitalism wasn’t working, from 37% in 2015, with 45% earning below $60,000.

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Story summary

The New York Federal Reserve said recent college graduate unemployment rose to 5.6% in March 2026.
Challenger, Gray & Christmas reported 140,000 tech layoffs in 2026, with May’s 38,242 highest since August 2024.
A DSA survey showed white-collar jobs fell to 13% in 2021 from 21% in 2017, while tech employment was 9%.
A poll showed 51% said capitalism wasn’t working, from 37% in 2015, with 45% earning below $60,000.