The job market is bad, even for those with industry experience. So what about those who are just now entering the job market like Gen Z? Well, it’s not good. Veuer’s Tony Spitz has the details.
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00:00The job market is bad, even for those with industry experience.
00:03So what about those who are just now entering the job market like Gen Z?
00:06Around 2 million young people are about to graduate and start looking for jobs this year alone.
00:11Many of those 2 million had their eyes on government jobs,
00:14hoping to get into public service, namely due to the stability associated with that work.
00:18However, after Elon Musk, Doge, and the Trump administration's axing of tens of thousands
00:23of federal jobs across all agencies, with more than 171,000 additional job cuts planned,
00:29things aren't looking good for young people looking for work.
00:32Insider reports that some have had their postgraduate offers at federal agencies revoked.
00:36Meanwhile, in the private sector, things aren't going well either.
00:40Private businesses with government contracts, non-profits, universities,
00:43you name it, all rely on federal funding. Federal funding which has now been revoked.
00:48So what's the plan? Go back to school for a graduate degree?
00:51Well, that could be an issue as well, as Donald Trump's executive order to
00:54dismantle the Department of Education may also dismantle, or at least hinder,
00:58student loan programs across the board.