Tough Job Market Dashes High Hopes for Gen Z and Millennials
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Gen Z and millennials are facing a much tougher job market compared to recent years as economic conditions worsen. Many are adjusting their career expectations.
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Unemployment is rising while wage growth is slowing. Younger workers tend to feel the impacts of a weakening job market first.
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Job search rejection rates are high, even for experienced applicants. Surveys show graduates are worried about their skills and job prospects.
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Students are increasingly looking to careers in trades instead of liberal arts. Interest in stability over grand aspirations reflects doubting economy.
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After 2021's red-hot hiring market during the pandemic rebound, conditions are normalizing. Expectations set in boom times are now being dashed.