AI was supposed to hit new grads hard. So far, unemployment data says otherwise.

The AI job apocalypse hasn't hit recent college grads, at least not yet

That result runs counter to growing concern that companies are using generative AI to cut back on entry-level hiring. It also differs from a recent Stanford University study, which found weaker employment trends for younger workers in occupations considered heavily exposed to AI.Read Entire Article

AI was supposed to hit new grads hard. So far, unemployment data says otherwise.

There is no evidence of any significant, widespread displacement or reduction in hiring.”...

AI was supposed to hit new grads hard. So far, unemployment data says otherwise

Last month, we shared word of a Stanford University study that found entry-level employment in so-called “AI-impacted” occupations lagging well behind that in other fields. Now, a new working paper from economics researchers at Munich’s CESifo finds the opposite, arguing point blank that “there is…

AI's Impact on New Graduates: Unemployment Data Contradicts Expectations

7 Source: arstechnica.com