New Grads Enter Worst Job Market in Years for Entry-Level Hires

Robert Trowe never imagined it would be so difficult landing a full-time job. By the time the 21-year-old graduated from Arizona State University in May, he had a roster of references, a network of family and alumni offering advice and a summer internship at JPMorgan Chase & Co. under his belt. Like any good finance major, he’s kept a spreadsheet of all 300 jobs he’s applied to since the start of his senior year, and the stats are bleak: Just 4% resulted in interviews, 33% sent an automated rejection, and the rest haven’t gotten back at all. “The entry-level roles ...