Younger workers who are not college graduates are seeing one of their lowest unemployment rates in recent history, according to a Burning Glass Institute analysis reported by the Wall Street Journal.
\n\nThe Wall Street Journal reported Sunday night that the analysis shows an extremely strong job market for those between 22 and 34 years of age without diplomas from a higher education institution.
\n\nThe historically low unemployment rate among this demographic, which rivals lows since 2003, breaks with the rates of unemployment among college-educated peers in the same age window, per the analysis:
\n\nNow, though, just as job hunters without degrees are having one of their best runs, those with college educations are having one of their worst. And those with advanced degrees or in fields such as science and technology are having an even harder time than usual.
\n\nThat divergence of fortunes is a departure from what the U.S. economy has seen for years, and much of it boils down to supply and demand: There aren’t enough skilled tradespeople to go around, for example, as older generations retire and immigration drops.
\n\nMeanwhile, more Americans have college degrees than ever, just as artificial intelligence is doing more of the entry-level…
Original source: https://www.breitbart.com/economy/
