Americans With Four-Year Degrees Now Comprise a Record 25% of Unemployed Workers is a stark statistic that really makes you stop and think, doesn’t it? It’s a headline that grabs your attention, immediately raising questions about the current state of the job market and the value of higher education. So, let’s unpack this and try to make some sense of it all.
The initial gut reaction is a mix of concern and bewilderment. If a quarter of unemployed workers hold a bachelor’s degree, what’s going on? It’s easy to assume that a four-year degree is the golden ticket to a stable career, but this data throws a wrench in that expectation.… Continue reading
In an interview with Fox News, President Donald Trump criticized the network’s polling data on the economy, specifically the recent survey indicating that 52% of voters believe the economy has worsened under his administration. Trump suggested that Fox News should replace its pollster. These comments came amidst concerning economic reports, including a rise in unemployment to 4.3% and a slowdown in job growth. The survey, conducted by Beacon Research and Shaw & Company Research, revealed that the economy remains the top concern for voters, underscoring the significance of these polling results.
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The August jobs report revealed a significant economic downturn, with only 22,000 jobs added and the unemployment rate rising to 4.3%, the highest since 2021. These figures, released after President Trump fired the Bureau of Statistics Commissioner, further indicated that the jobs market is struggling. While Trump’s administration continues to push a narrative of economic prosperity, the numbers undercut those claims and could prompt the Federal Reserve to lower interest rates. The report has also caused the number of Americans who have been out of work for more than six months to reach 1.9 million.
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The latest jobs report revealed a struggling labor market, with only 22,000 jobs added in August and an unemployment rate increase to 4.3 percent, the highest since 2021. This downturn follows revisions to previous months, indicating negative job growth, exacerbated by the administration’s erratic economic policies. Imposing tariffs and causing economic uncertainty created a brutal post-COVID economy, and now, those factors have severely impacted job growth. Moreover, the administration’s response involves blaming others and attempting to downplay negative findings, while also implementing policies that have shrunk the workforce and reduced job opportunities.
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The Federal Reserve Chair, Powell, expressed concerns about rising downside risks to employment, warning of potential layoffs and increased unemployment. This concern stems from the July jobs report, which revealed a significant slowdown in job growth, with the three-month average reaching its lowest point since 2010 (excluding the pandemic). The report’s revisions indicated a broader market job loss, despite gains in specific sectors. Powell noted that the slowdown was larger than previously assessed, emphasizing the importance of avoiding slack in the labor market.
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U.S. layoffs surged in July, reaching their highest level since the early months of the COVID-19 pandemic, with 62,075 job cuts announced. This represents a significant 29 percent jump from June and a 140 percent increase compared to July 2024. The rise is attributed to government downsizing, corporate restructuring, and the growing influence of artificial intelligence. Sectors such as public agencies, tech firms, and retailers are leading the cuts, with automation and AI linked to over 20,000 layoffs in 2025.
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Unemployment figures have recently surged, with nearly two million Americans continuously receiving unemployment benefits, the highest since late 2021. New unemployment claims also saw an increase, slightly surpassing economists’ predictions, following a disappointing July jobs report that added only 73,000 jobs. This report spurred former President Trump to fire the head of the Bureau of Labor Statistics, blaming her for the dismal hiring numbers and potential manipulation of data. Economists, however, suggest the situation could be linked to broader economic factors like slower hiring rates and the impact of global tariffs.
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Despite the White House’s initial announcement of strong economic growth, data released shortly after painted a less favorable picture, with rising inflation and unemployment. The President responded to the disappointing economic indicators by publicly attacking the Federal Reserve Chair and firing the head of the Bureau of Labor Statistics, suggesting manipulation of the data. These actions and the downturn in the stock market have provided the Democrats with an opportunity to capitalize on the situation, especially considering the unpopularity of the One Big Beautiful Bill Act, which is projected to negatively affect healthcare and potentially threaten social security. Furthermore, the Democrats can now use the current administration’s economic missteps against them, as Republicans previously did against the Biden-Harris administration.
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July’s nonfarm payroll growth significantly underperformed expectations, with only 73,000 jobs added, a stark contrast to the anticipated 100,000. The unemployment rate also rose to 4.2%, while June and May’s job growth figures were sharply revised downwards, indicating a weakening labor market. The report prompted a market reaction, with stock futures and Treasury yields falling, leading economists to suggest potential Federal Reserve interest rate cuts in September. Job gains were largely concentrated in healthcare and social assistance, while other sectors experienced declines or minimal growth.
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Recent college graduates are facing a challenging job market, with the unemployment rate for degree holders aged 22 to 27 reaching its highest level in over a decade, excluding the pandemic. Economists suggest that this is due to economic uncertainty, specifically stemming from the Trump administration’s tariff increases. Additionally, the rise of artificial intelligence is speculated to be impacting entry-level white-collar positions, while higher interest rates from the Federal Reserve have also slowed hiring in tech. Despite these difficulties, most economists maintain that holding a college degree still offers lifetime benefits, although the value of a degree has diminished.
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Matt Underwood 
John Q. Hosedrinker