Archive · 25 Nov 2025
US Layoffs Surge, Hurting Young Graduates' Job Prospects
The job market in the US is getting tougher, especially for young graduates.
Many companies are laying off workers, and there are fewer entry-level jobs available.
In October, over 153,000 people were laid off, and the total number of job cuts this year has reached over 1 million.
This is a big increase from last year.
Companies like Verizon are also cutting jobs to save money.
Experts say that new graduates are finding it harder to get jobs because of changes in the job market, like more use of artificial intelligence.
This means that having a college degree doesn't guarantee a job like it used to.
The unemployment rate for bachelor's degree-holders rose to 2.8% in September, up from a year earlier.
Over 1.9 million Americans with at least a bachelor's degree were unemployed in September, accounting for one-fourth of the total unemployed population.
US companies laid off 153,074 employees in October, marking an 183% increase from September.
Total layoffs in 2024 have surpassed 1 million, a 65% increase from the same period in 2023.
Verizon announced it will cut more than 13,000 jobs as part of its restructuring efforts.
- Who
- Young graduates and professionals in the US
- What
- Increasing layoffs and fewer entry-level jobs
- When
- September and October 2024
- Where
- United States
- Why
- Economic conditions, AI automation, and restructuring efforts by companies
- Total Unemployed
- 7.6 million
- Unemployment Rate
- 4.4%
- Unemployed with Bachelor's Degrees
- 1.9 million
- Unemployment Rate for Bachelor's Degree-Holders
- 2.8%
- October Layoffs
- 153,074
- Total Layoffs in 2024 (as of October)
- 1,099,500
- Verizon Layoffs
- 13,000