This summer, the class of 2025 should bring a moment of well -deserved relaxation before they launch their career. Instead, far too many graduates at the university and high school are filled with anxiety. They have applied for dozens, perhaps hundreds, jobs, but interviews and offers have become increasingly rare.
The national unemployment rate for young adults aged 20 to 24 is looking for work 6.6% – the highest level in a decade, excluding the pandemic unemployment peak. Among those without university diplomas, the situation is even worse: the unemployment rate for graduates in high school from 18 to 19 years is 14.5%.
The steep reduction in hiring entry level is blamed for economic uncertainty and employers betting that artificial intelligence prends will reduce the labor needs. As soon as there is more clarity on both fronts, many expect that assuming will increase.
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But what if this is more than a short blip?
The labor market used to be increasingly competitive for people in their career. It is up to Americans to find ways to solve that. (Istock)
An important new study Through research consultancy firm Harrisx, funded by our Family Foundation, it appears that school-to-work paths for millions of young Americans-Zowel who are much deeper with as without university diplomas than before, pays an important threat to building up the future staff that is essential for the growth of the American economy.
More than four in 10 young people say that both the education system and the employment agents to which they have access are broken and do not offer effective guidance. And they are worried that employment will become even more difficult as AI influences the labor market: almost half said they feel unprepared or not being sure of their preparation, for jobs of the future.
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The study shows how a wide strip of generation Z remains between 16 and 24 years old, far from using its full potential due to systemic slowness that too many young people leaves at the start of their career.
Many young people are not adequately served by the institutions that they encounter in every phase of their journey to adulthood, from secondary schools that do not expose students to a series of careers and non-college training routes to achieve good jobs, to employers who are not willing to invest in building hard and soft skills between new rent.
This broken market has considerable consequences for the future of the US economy, in particular Trump administration efforts to increase domestic industrial production, for which a larger pipeline of skilled employees is needed.
Our nation has millions of open jobs – more than 7 million of them, according to the American Chamber of Commerce. The problem for the 2025 class, and many other job seekers, is that the skills that are taught at our secondary schools and colleges are not in accordance with what many companies need, especially advanced manufacturers.
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Much of those non-filled jobs and more in the future-Rejection applicants to possess more than just a diploma in high school or a university. Yet too many young adults lack the guidance and resources to gain the necessary skills and references.
Too often adults have accused young people because they have no longer demonstrated initiative and gumption in their journey to working life. But everyone who deals with young adults is responsible:
Finding jobs becomes more difficult for young people. Most employers expect that early career workers have experience. File: Signage for a job fair can be seen on 5th Avenue in Manhattan, New York City, 3 September 2021. (Reuters/Andrew Kelly/File photo)
Almost 80% of the parents relate to their own dated personal experiences and input from friends and family – in contrast to external resources – to guide their children.
Five percent of the educators and career navigators do not work with employers.
More than three-in-four employers require at least a year of experience from those looking for entry tracks, but most offer no internships, student places or other programs that are designed to offer experience in the early career.
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Because we are connected to a Fortune 500 company for three decades, we know the pressure to use each dollar to grow the bottom line. But our companies and our general economy will not thrive in the long term if companies do not invest in creating new opportunities for employees.
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Our nation has millions of open jobs – more than 7 million of them, according to the American Chamber of Commerce.
One of the innovations at Starbucks that we are most proud of has nothing to do with coffee. It was the decision to offer every Starbucks Barista the opportunity to launch new careers by registering online online at Arizona State University. To date, more than 16,000 of them have graduated with a bachelor’s degree – many vaulted in new roles within and outside the company, with an average wage increase of $ 40,000 within 18 months.
The alarming head about recent graduates should shoot us out of our complacency. Too many of our systems are designed for a different era. The old model of obtaining a diploma and staying with one employer for decades no longer fits in with today’s dynamic workforce.
The challenge is now to build a better marketplace-one that is agile, future-oriented and justified in the reality of a global, technology-driven economy. That market requires embracing the power of AI to help repair what it destroys: AI-driven agents and other technical tools that can help young people navigate options with more clarity. By training internships, training programs and regionally relevant opportunities, we can meet students the right guidance at the right time.
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We need more relevant insights about emerging opportunities, the value of different paths and references and disruptions of the labor market. We also have to embrace a fundamental change in how we all learn, from a learning-than-working model to a world of lifelong learning, hands-on skills and liquid paths in industry. As ASU president Michael Crow says, the mission of education is not to “complete” a student; It is to launch a student for life.
Only then can this generation get a real chance to rise and realize a new American dream. This is time to build a future that offers progress, not only for the 2025 class, but for every class after them.
Sheri Kersch Schultz is co-founder and chairman of the Schultz Family Foundation.
