Men ages 23 to 30 are discovering that a bachelor’s degree doesn’t offer the same protection from unemployment that it used to.
Amid a wider slowdown in hiring, the unemployment rate for men ages 23 to 30 with bachelor’s degrees has jumped in recent months to 6% — compared with 3.5% for young women with the same level of education, according to data analyzed by NBC News.
Now, young men with bachelor’s degrees are slightly likelier to be unemployed than young men with just high school diplomas, the analysis found. That’s a recent reversal after decades when young men with bachelor’s degrees had an advantage in the labor market, economists said.
Young women haven’t experienced the same trend; they are still significantly likelier to be employed if they have bachelor’s degrees.
I am in this article and I don’t like it.
Mechanical Engineer, graduated a few years ago. Slightly above this age band due to mental health struggles in my 20s. Four years of internships + undergrad research during school. One year, three months of unsteady, career-relevant contract work since then.
Moved from Bumfuck Midwest to a city with plenty of aerospace gigs but can’t even get an interview at the grocery store. I’m lucky that my parents and state aid have covered me thus far, have gotten wildly higher-quality mental/physical care here. Behaviourally I’m better than ever but chucking resumes into the void is wearing me down and I’m backsliding on my executive functioning progress.
Employment or a Master’s/PhD in Sweden/Germany/EU in general is preferable to the American defense industry but that’s a tall and expensive hill to climb (if anyone wants to assist please DM 🙃) and I’m nearly out of time before being faced with moving back home.
I’m tired, boss.