St. Louis Fed study: The main cause of youth unemployment in the United States is weak recruitment, not a lack of artificial intelligence skills

A study by the St. Louis Federal Reserve shows that the main reason for youth unemployment in the United States is a shortage of job vacancies, rather than a lack of artificial intelligence skills. From April to December 2023, the shortage of job vacancies led to a 2.9 percentage point increase in unemployment rate among the 18 to 24 age group, while the increase in unemployment rate caused by employers increasing requirements for AI related positions was 1.1 percentage points.