From Yahoo Finance: 2025-06-09 06:30:00

In May, US employers added 139,000 workers, slightly below April’s 147,000 figure but surpassing economists’ expectation of 125,000. The unemployment rate remains at 4.2%, posing challenges for recent college grads entering a tough labor market with a 5.8% unemployment rate for the 22-27 age group, notably higher than the national average.

Competition and AI advancements are contributing to the struggle for entry-level job seekers, with corporate job cuts rising recently. Tech firms are scaling back hiring as AI excels in coding, affecting computer science graduates. Despite challenges, the Fed maintains current rates, with traders seeing a 39% chance of a rate cut by year-end.



Read more at Yahoo Finance: Ripped Job Market Swipes Left on New Grads