Unemployment

 Axios - Younger adults are facing the worst labor market shock in years — one far more acute than the rest of the population...

What's holding back hiring is a mix of fleeting, cyclical factors — economic uncertainty as a result of President Trump's trade policies, for instance, or high interest rates.

• Other factors, like the uptake of AI eliminating entry-level positions, are likely structural. The result might be a difficult hiring environment for younger people for the foreseeable future.

The unemployment rate among 16- to 24-year-olds was 10.5% in August, the highest since the aftermath of COVID. Excluding that period, youth unemployment has not been this high since 2016.

• "There is a pile-up of young people looking for work," says Guy Berger, the director of economic research at the Burning Glass Institute. "The risk is a lost generation of young people who took a long time to find work."  The story