The share of long-term unemployed workers with college degrees has been on the rise, according to government data compiled by two researchers at the University of Chicago, reports The New York Times.
The trend is attributed to various factors, including increased use of artificial intelligence in the workforce, changing labor market dynamics, and a skills gap between graduate training and employer demands.
“The data is signaling that there’s some restructuring going on,” Andreas Mueller, an expert on long-term unemployment at the University of Zurich, told the Times. “People are losing jobs and can’t find jobs in high-skilled occupations.”
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