HAS THE DECLINE OF KNOWLEDGE WORK BEGUN?

Summary from the TLDR newsletter

The unemployment rate for college graduates has risen 30% since bottoming out in September 2022. Hiring rates have slowed more for jobs that require a college degree than for other jobs. Some economists say that these trends may be short-term in nature and little cause for concern on their own, but there are other signs that the returns on a college degree may have shifted over a longer period - the gap in wages between those with college degrees and those without has flattened during the past 15 years, though it remains large. The flattening of the gap may reflect employers' reduced need for college graduates.