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US college graduates enter a ‘freezing’ labour market

The monthly hiring rate in the first quarter of the year was at its slowest in more than a decade

New US college graduates are struggling to find jobs as businesses reduce hiring plans because of economic uncertainty, in what economists warned could be an early sign of trouble for the broader labour market.

Job postings on student and graduate recruitment platform Handshake were down 15 per cent between July 2024 and mid-April 2025, compared with the same period in the previous academic year.

Internships, a common entry point to the workforce for recent graduates, were also advertised on employment website Indeed at the slowest pace since the height of the Covid-19 pandemic, according to figures shared with the Financial Times.

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