Remote working drove US youth unemployment – NY Fed study
Economists say uptick in joblessness among US graduates predates spread of AI
The rise of remote working explains most of the increase in youth employment in the US since the pandemic, according to a study published by the Federal Reserve Bank of New York.
In a blogpost published on June 1, NY Fed economist Natalia Emanuel and academics Emma Harrington and Amanda Pallais say remote working can explain 64% of the post-Covid rise in unemployment among young graduates. “The timing of this surge suggests that remote work – not generative [artificial intelligence] – explains
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