Fed study links remote work shift to higher unemployment among young college graduates
By
Associated Press, CHRISTOPHER RUGABER AP Economics Writer
Plain bagel done well. Pleasantly substantive.
Summary
A Federal Reserve Bank of New York study finds that the rise of remote work since the pandemic has made businesses more reluctant to hire young, inexperienced workers, driving higher unemployment rates for recent college graduates. The study compared "remotable" occupations (like software development) with in-person jobs (like nursing) and found that unemployment among young college graduates in remote-capable jobs rose by about 1 percentage point from 2017-2019 to 2022-2024.
Key quotes
· 2 pulledThe rise of remote work since the pandemic has made businesses more reluctant to hire young, inexperienced workers
The study finds that the unemployment rate among young college graduates in 'remotable' jobs rose by about 1 percentage point from 2017-2019 to 2022-2024
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