Economy likely created 115,000 jobs in July as labor market loses momentum
It's not showing up as widespread layoffs. The unemployment rate is still low.
It's subtler than that: New college graduates are struggling to break into the job market. The unemployment rate for college graduates 22 to 27 years old, reached 5.8% in March , the highest, excluding the pandemic, since 2012, and far above the nationwide unemployment rate.
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