CHICAGO (WLS) -- Graduation season has concluded, leaving many college graduates with diplomas but without jobs. A recent report from Oxford Economics highlights a grim reality: college grads are stepping into one of the most challenging job markets in over a decade, with a 6% unemployment rate. Economists attribute this to low job turnover and hesitant hiring practices among businesses.
The Current Job Market Landscape
Jean Riordan, Executive Director of Career Services at UIC, and Tom Gimbel, Vice Chairman of the American Staffing Association, shed light on the situation. Despite a strong economy and low overall unemployment, college graduates face significant hurdles. "Instability is the biggest reason," Gimbel notes, pointing to political and tariff uncertainties as key factors deterring companies from hiring.
STEM and Tech Grads Hit Hard
Historically secure fields like STEM and tech are not immune. "We've potentially flooded the market with computer science grads," Riordan observes, adding that government jobs are also affected. The rise of artificial intelligence (AI) exacerbates the challenge, as entry-level roles now demand AI proficiency, eliminating many traditional starting positions.
Essential Skills Beyond AI
The National Association of Colleges and Employers (NACE) emphasizes career readiness skills that transcend technical knowledge. "Communication, written, interpersonal skills, and problem-solving abilities remain crucial," Riordan states, noting these competencies have been valued for nearly 30 years.
Strategies for Success
Gimbel advises graduates to focus on building interview and people skills. "You can't have AI conduct a conversation for you," he remarks, underscoring the irreplaceable value of human interaction. He encourages taking any job in a desired industry to gain experience and visibility.
Riordan recommends seeking support from career services and networking. "Reboot, take stock, and connect with the right people," she advises, highlighting the power of referrals in unlocking great opportunities.
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