The number of college graduates unemployed in the second quarter of 2023 reached a five-year high of 480,000, highlighting the worsening employment situation for young people. Notably, those in their 20s and 30s account for 64% of all unemployed college graduates, indicating that the economic downturn in the Middle East is significantly impacting younger generations. The preference for experienced professionals by companies and the spread of AI technology are leading to a decrease in new graduate hiring, further limiting job opportunities for young people. Experts emphasize the urgent need for proactive employment policies targeting young adults, considering the increasing trend of AI adoption.
