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June 30, 2025 |  By: Associated Press

Rampant uncertainty may be a factor for joblessness and unemployment rates

Young people graduating from college this spring and summer are facing one of the toughest job markets in more than a decade.

The unemployment rate for degree holders ages 22 to 27 has reached its highest level in a dozen years, excluding the coronavirus pandemic. Joblessness among that group is higher than the overall unemployment rate, and the gap is larger than it's been in more than three decades.

That worries many economists as well as officials at the Federal Reserve because it could be an early sign of trouble for the economy.

It suggests businesses are holding off on hiring new workers because of rampant uncertainty stemming from the Trump administration's tariff increases.