Job Market

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Job market gloom

Data: Gallup. Chart: Axios Visuals College graduates are much more worried about the job market than workers who didn't go to college, Axios' Emily Peck writes from a Gallup analysis out today. The unemployment rate is relatively low. But hiring has slowed. And slipping worker sentiment signals things could get worse. 🧮 By the numbers: Gallup found in a separate January polling of U.S. adults that just 27% of college grads said now is a good time to find a quality job, according to data shared with Axios. But 44% of those who didn't graduate from college think it's a promising time to job hunt — a 17-point gap. That's the widest gap on record, going back to 2001. Today's report finds a similar chasm: Only 19% of college-educated employees say it's a good time to find a quality job, compared with 35% of employees without a college degree. 🫩 College-educated workers are as down on the job market as they were in 2013, when the U.S. was still climbing back from a recession. The unemployment rate was higher in 2013. But the hiring rate is as low now as it was then. Cory Stahle, an economist at Indeed, tells Axios that hiring is even worse for white-collar industries. Go deeper ... Read the report.