Graduate Job Postings Plummet, But AI May Not Be the Primary Culprit

Job postings for entry-level roles requiring degrees have dropped nearly two-thirds in the UK and 43% in the US since ChatGPT launched in 2022, according to Financial Times analysis of Adzuna data. The decline spans sectors with varying AI exposure -- UK graduate openings fell 75% in banking, 65% in software development, but also 77% in human resources and 55% in civil engineering.

Indeed research found only weak correlation between occupations mentioning AI most frequently and those with the steepest job posting declines. US Bureau of Labor Statistics data showed no clear relationship between an occupation's AI exposure and young worker losses between 2022-2024. Economists say economic uncertainty, post-COVID workforce corrections, increased offshoring, and reduced venture capital funding are likely primary drivers of the graduate hiring slowdown.

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