Fortune 500 tech company

Research from the Federal Reserve Bank of New York finds remote work has increased unemployment for younger college graduates post-pandemic, with a 20% rise in unemployment for those under 29, while older graduates saw slight declines. Companies are less likely to hire recent graduates for remote roles, citing challenges in mentorship and feedback, and a Fortune 500 tech company shifted hiring toward older workers during remote work adoption.

A study by the Federal Reserve Bank of New York found that remote work, not AI, is a key driver of higher unemployment rates for young college graduates. Businesses are less likely to hire inexperienced workers for remote jobs due to challenges in training and mentorship, leading to a 1 percentage point increase in unemployment for young graduates in 'remotable' occupations since 2017-2019.

A study by the Federal Reserve Bank of New York found that remote work, not AI, is the primary driver of higher unemployment rates for young college graduates. Businesses are less likely to hire inexperienced workers for remote roles due to challenges in training and mentoring them, while older workers in these roles face lower unemployment. The study also noted minimal impact of AI on youth unemployment.