With how difficult young people are finding it to get jobs, it signals that there are many fields that are very oversaturated, especially at the lower levels. Here, we'll discuss those careers and fields.
Note: Many of the data points are pulled directly from the US chamber of commerce and BLS. Please note when we mention careers that this is where the data is being pulled from. These are also all going to be entry level jobs, so even though management and executive positions are consistently in need of people, they require years, if not decades of experience.
Shockingly, Bio is one of the most oversaturated fields in the workforce. This is because around 80k people graduate a year, but only around 20-25k jobs open a year. You almost need an advanced degree to succeed in this field, as entry level jobs are few and far between.
Basically any food and other related service jobs are gonna be super oversaturated. Low barriers to entry and easy to cut when times get tough. Don't listen to these companies when they say they have labor shortages. There's a reason the unemployment rate is significantly higher than the national average.
During the pandemic, a whole lot of people tried to get into IT and tech without a degree. This has caused a big bubble at the bottom where developers struggle to get jobs at the entry level. This combined with the fact that most companies actually lose money on entry level devs(they aren't overly productive due to inexperience), and you have a perfect storm for difficulty at the entry level. Now, that does not mean it's impossible to get these jobs. Internships are very important, and once you get 3-5 years of experience the oversaturation turns into demand, as experienced devs are always very highly needed.
Most people who get this degree follow the "Follow your passion" advice that oh so often leads to regret. It's one of the most common degrees, up there with business, yet there are very few entry level jobs. You need an advanced degree to get basically any job here.
Well, who would've thought a degree with no tangible skills or hard requirements would lead to unemployment? Yeah, this is a bad degree. However, it's very good as a bridge degree, simply because it's also increadibly easy. So, if you're 100% on something like law school, this degree isn't 100% useless, but can actually be rather good.