{
    "success": true,
    "data": {
        "id": 1617227,
        "msgid": "university-graduates-struggle-to-find-office-work-as-graduate-unemployment-rises-1773654816",
        "date": "2026-03-16 16:15:00",
        "title": "University Graduates Struggle to Find Office Work as Graduate Unemployment Rises",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Social Policy",
        "summary": "Artificial intelligence is creating significant employment challenges for recent university graduates and early-career workers, with companies using AI adoption as justification for large-scale redundancies. The US Federal Reserve estimates that fresh graduate unemployment reached 5.7% by late 2025, with hidden unemployment at 42.5%, the highest level since 2020, as major corporations including Block, Atlassian, Amazon, and Palantir implement workforce reductions whilst scaling AI investments.",
        "content": "<p>Jakarta \u2014 For several years now, artificial intelligence has been\nknown to threaten human employment. More concerning, the technology is\nsaid to be capable of rendering university graduates unemployed for\nextended periods.<\/p>\n<p>ServiceNow CEO Bill McDermott explained that AI could drive\nunemployment rates among those newly graduated from university through\nto their mid-30s. Simultaneously, there is a possibility that most jobs\nwill be performed by agents.<\/p>\n<p>\u201cMost work will be performed by agents. It will become a challenge\nfor young people to distinguish themselves in a corporate environment,\u201d\nhe said, as reported by CNBC Indonesia on Monday (16 March 2026).<\/p>\n<p>According to him, AI adoption also causes employment difficulties for\nthose at entry-level positions, as each company strives to increase\nproductivity.<\/p>\n<p>Meanwhile, the Federal Reserve estimates that the unemployment rate\namong fresh graduates by the end of 2025 will reach 5.7%. The hidden\nunemployment rate stands at 42.5%, marking the highest level since\n2020.<\/p>\n<p>AI has indeed been cited as a reason by several companies for\nconducting large-scale redundancies. They justify the cuts as being\nrelated to AI tool assistance.<\/p>\n<p>One such example is Block, which has reduced its workforce by nearly\nhalf, citing that AI is increasingly automating jobs. Meanwhile,\nAtlassian has announced the dismissal of 10% of its staff to support AI\ninvestments.<\/p>\n<p>CEO of Palantir Alex Karp previously stated that he wanted to\nincrease revenue tenfold, doing so whilst the company implements\nworkforce reduction policies.<\/p>\n<p>Amazon CEO Andy Jassy has also announced redundancy plans for his\ncorporation utilising AI tools.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/university-graduates-struggle-to-find-office-work-as-graduate-unemployment-rises-1773654816",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}