GenzeeGoldman Sachs: AI Is Cutting Thousands of US Jobs a Month — and Gen Z Feels It Most
If you're a new graduate struggling to land a first job, the data increasingly backs up what it feels like. Fortune reported on Goldman Sachs analysis showing artificial intelligence is contributing to the loss of roughly 16,000 US jobs a month, with Gen Z workers absorbing an outsized share of the damage as entry-level roles are automated, outsourced or folded into AI-assisted workflows.
The numbers behind the headline
Separately, the Federal Reserve Bank of New York found that 5.6% of recent college graduates aged 22 to 27 are unemployed and 41.5% are underemployed — levels not seen since 2013 outside the pandemic, according to the same Fortune coverage. Junior-level roles in the US have reportedly declined by around 35% since 2023, as the tasks once assigned to first-year hires get handled by software instead.
What it means if you're job hunting
Tech leaders quoted in the coverage expect the trend toward fewer junior hires to keep accelerating through 2026, which puts a premium on building visible, practical skills early. While you weigh career and money decisions, our Savings Goal Calculator can help you plan a safety net for a bumpier job market, and our Salary Converter can help you compare offers across pay structures.
Note: This is a plain-language summary, not financial advice. Markets, rates and rules can change quickly; do your own research or speak to a licensed adviser before acting. See our editorial policy for how we source and date figures.