For the first time in 50 years, U.S. college graduates are losing their traditional economic edge, as wage growth stalls and non-degree workers gain ground in a changing labor market.
Despite solid headline job gains, key sectors from manufacturing to logistics are slowing hiring. Executives cite weak demand, high costs and uncertainty over interest rates.
Despite low headline unemployment, U.S. job seekers face shrinking postings, fierce competition and rising layoffs, exposing a cooling labor market and faltering pandemic-era gains.