Key facts
- Rising youth unemployment rates since 2020 may be tied to remote work trends.
- The New York Federal Reserve Bank published an analysis on this trend.
- Census data shows a 20% increase in the jobless rate for college graduates under 29.
The New York Federal Reserve Bank has published an analysis suggesting that the increase in remote work since the 2020 pandemic may be contributing to rising youth unemployment rates. The report cites census data indicating a 20 percent increase in the jobless rate among college graduates under the age of 29. This trend suggests that the shift towards remote work could be inadvertently limiting labor force access for younger workers.