Remote work is worsening youth unemployment, New York Fed finds
Key points
- Morsa Images | Digitalvision | Getty Images Both remote work and youth unemployment are on the rise since the Covid pandemic — and the two trends are related, according to new research by the Federal Reserve Bank of New York.
- The unemployment rate for young college graduates swelled to 5.6% in March 2026 from 3.6% in March 2019, the New York Fed economists wrote in a blog post published Monday.
- They estimate that remote work can account for 64% of the recent increase.
- "Employers may not want to hire fresh graduates onto distributed teams because it is more difficult to teach them the requisite skills from afar," the authors said.
- While the impact of artificial intelligence on entry-level jobs has received much attention recently, the expansion of remote work has likely had a greater impact on youth unemployment, they wrote.
Quick Summary
Morsa Images | Digitalvision | Getty Images Both remote work and youth unemployment are on the rise since the Covid pandemic — and the two
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Remote work is worsening youth unemployment, New York Fed fi.
Key Takeaways
- Morsa Images | Digitalvision | Getty Images Both remote work and youth unemployment are on the rise since the Covid pandemic — and the two trends are related, according to new research by the Federal Reserve Bank of New York.
- The unemployment rate for young college graduates swelled to 5.6% in March 2026 from 3.6% in March 2019, the New York Fed economists wrote in a blog post published Monday.
- They estimate that remote work can account for 64% of the recent increase.
- "Employers may not want to hire fresh graduates onto distributed teams because it is more difficult to teach them the requisite skills from afar," the authors said.
- While the impact of artificial intelligence on entry-level jobs has received much attention recently, the expansion of remote work has likely had a greater impact on youth unemployment, they wrote.
📌 Source: CNBC
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