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Graduate Job Postings Plummet, But AI May Not Be the Primary Culprit
Job postings for entry-level roles requiring degrees have dropped nearly two-thirds in the UK and 43% in the US since ChatGPT launched in 2022, according to Financial Times analysis of Adzuna data. The decline spans sectors with varying AI exposure -- UK graduate openings fell 75% in banking, 65% in...
Job postings for entry-level roles requiring degrees have dropped nearly two-thirds in the UK and 43% in the US since ChatGPT launched in 2022, according to Financial Times analysis of Adzuna data. US Bureau of Labor Statistics data showed no clear relationship between an occupation's AI exposure and young worker losses between 2022-2024. Economists say economic uncertainty, post-COVID workforce corrections, increased offshoring, and reduced venture capital funding are likely primary drivers of the graduate hiring slowdown.
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