13% monthly job placement rate drop for young, inexperienced workers amidst a bustling labor market.

Young job seekers face challenges in finding employment despite a bustling labor market. The monthly rate of workers with little work experience getting jobs has dropped to 13% from 20%, according to Goldman Sachs. The hiring rate for all workers is at 3.6% of the labor force, close to the post-Covid era low, with prior levels last seen in August 2014.

June 06, 2024
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