A college degree is often considered the ticket to a well-paying career, and more than three million new graduates enter the workforce every year banking on that promise.

However, this year, those armed with a newly minted diploma have faced one of the toughest job markets in a decade. And next year could be as bad or worse.

As the artificial intelligence boom reshapes the workforce at an unprecedented pace, some large employers have said they're replacing workers with AI in order to streamline operations and cut costs. Concerns about the economy, persistent inflation and a slowdown in consumer spending are also likely contributors to a reduced hiring outlook, other research shows .

Employers are even less optimistic about the overall job market for upcoming graduates than the

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