Class of 2023 college grads face a labor market “in transition,” analyst says

This year’s graduating class started college in the fall of 2019, just months before the COVID-19 pandemic hit. Now, graduates are facing a labor market that CBS News business analyst Jill Schlesinger says is “in transition.”

According to LinkedIn, overall hiring has dropped 29% since April 2022, while hiring for entry-level positions requiring a college degree dropped nearly 32%.

Recent layoffs in the tech and finance industries have further impacted the job landscape.

Read more from CBS News.


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