Revision History

Entry-level job postings in New York City have fallen 37% since 2022 — a loss of nearly 30,000 positions — according to a new Center for an Urban Future report, while nationally the underemployment rate for recent college graduates has hit 42.5%, its highest since 2020. The collapse, driven by AI automation, post-pandemic hiring corrections, and economic uncertainty, is eroding the traditional career ladder and threatening the long-term earning potential of an entire generation of workers.