Computer science graduates face rising unemployment
The promise of stable job prospects for computer science graduates is faltering, according to a recent study by the Federal Reserve Bank of New York. New CS grads now face unemployment rates between 6.1% and 7.5%, more than double that of peers from disciplines like biology and art history. Industry saturation, offshoring, and a slowdown in tech hiring are contributing factors. The situation has worsened post-pandemic, calling into question long-held assumptions about the tech talent pipeline.
This shift signals a recalibration in the tech labor market, with implications for education, hiring, and career planning.
About the Author
