The struggle for Gen Z to find jobs intensifies as Fed Chair Jerome Powell highlights a concerning labor market. With low hiring rates and economic slowdowns, young jobseekers face unique challenges, exacerbated by a broader hiring freeze.
Applications for US unemployment benefits soared to a four-year high, signaling potential layoffs as hiring slows. Initial claims rose by 27,000, reaching 263,000 last week, the highest since October 2021.
