Covid-19 driven recession could impact 2020 graduate careers for a decade

21st May 2020 (Last Updated May 21st, 2020 07:44)

21 May

Unemployment levels have reached new highs over the last three months since the lockdown was initiated in the US.

As millions of students graduate during this uncertain time, their future job prospects remain bleak.

Careers and earnings may be impacted for graduates for many years.

Konstantina Beleli, an economist and journalist, shared an article on how million of students in US are graduating in one of the worst job markets witnessed since the Great Depression.

The article notes that the unemployment rate in the US currently stands at 14.7% but for people aged between 20 and 24, the rate increases to 25.7%, according to statistics provided by the Bureau of Labor Statistics.

Research suggests that the careers and earnings of these students are expected to be impacted for more than a decade.

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