The Jobless Boom · economy up, jobs down
The economy is growing. Entry-level jobs are vanishing.
For the first time in decades, a rising economy isn't creating jobs. GDP climbs; graduate opportunities collapse. The culprit isn't a recession — it's AI quietly rewriting which tasks need humans.
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GDP growth
Economy rising
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Entry-level jobs
Opportunities falling
0%
Grad underemployment
Q4 2025 — NY Fed
0
AI-caused layoffs
2025, all industries
"We're growing, but we can't generate jobs."
— KPMG
42.5% of recent graduates are underemployed — the highest level since 2020. That's 2 in 5 graduates in jobs that don't require their degree. Oxford Economics says entry-level tech roles are being displaced by AI at measurable rates. The question this report asks: where do all these people go?
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