Source: Shae O.
The New York Federal Reserve's unemployment data for recent graduates shows philosophy majors at a 3% jobless rate while software engineers face significantly higher unemployment. Tech industry layoffs at Amazon, Google, Meta, and startups have flooded the market with displaced engineers just as hiring has frozen, while humanities graduates remain insulated from sector-specific collapse. The data suggests that soft skills and adaptability may hold more labor market value than specialized technical certifications when entire industries contract simultaneously.