According to the Federal Reserve Bank of New York, college graduates of the last three years are entering a challenging job market. The unemployment rate for recent college graduates was 5.7 percent in Q1 of 2026, compared with 4.23 percent for workers overall. Before the COVID-19 pandemic, in June 2019, the unemployment rate for recent college graduates was 4.3 percent and for workers overall, was 3.5 percent. In a recent Gallup Inc poll, 79 percent of Americans believe that artificial intelligence will reduce the number of jobs over the next 10 years. A recent study by the Stanford Digital Economy Lab has found no evidence of “widespread” job displacement. The study looked at young workers ages 22 to 25 in AI-exposed occupations — jobs in which AI can perform most of the tasks like customer service and software development. Ultimately, its findings illuminated that there would have been a 19 percent drop in employment in late 2026 for AI-exposed jobs if the market kept pace with less AI-exposed occupations’ employment trends.
The ‘AI and Future of Work’ Series — How the University is preparing students for what is next - Lidia