Research shows that weak hiring has a greater impact on young American workers than artificial intelligence.

```htmlGolden Ten Data reported on June 30 that a new study from the St. Louis Federal Reserve shows that in the United States, the main reason for youth unemployment is insufficient job vacancies, rather than a lack of artificial intelligence skills. Due to the lack of job vacancies, the unemployment rate among people aged 18 to 24 rose by 2.9 percentage points from April 2023 to December last year. By contrast, the increase in unemployment rate caused by employers shifting to more AI-related positions and requiring specialized skills was only 1.1 percentage points. Although the impact of AI remains significant, the effect of job vacancy shortages is more than twice that of AI. The research authors wrote: "Since April 2023, hiring activity has slowed, and young workers (especially newcomers entering the workforce) have borne the brunt of this sluggishness. For those just entering the labor market (particularly recent college graduates), AI has posed an additional barrier, but its impact is still smaller than the shock caused by the overall reduction in job vacancies."```