The news: The summer is typically a boom period for marketing and advertising internships, but a report from Live Data Technologies found that internships have steadily declined every year since 2022, including during the summer surge—mirroring a general decline in entry-level ad industry jobs.
Interns aren’t the only young workers with less opportunity. A recent Adweek analysis of Bureau of Labor Statistics data found that workers ages 20-24 only made up 6.5% of the advertising, PR, and related services industry. That’s down from 10.5% in 2019 and is the demographic’s lowest share since 2020.
Why the change? Macroeconomic uncertainty, mergers among leading agencies, and the rise of AI are all contributing to a slowdown in entry-level advertising job listings.
Our take: Hiring and retaining young workers is crucial for agencies trying to build long-term relationships with talent, but conditions have clearly driven employers to deprioritize young hires. Once the dust around consolidation and economic uncertainty clear, hiring may climb again—but we have yet to see AI’s full impact on the labor market.
More broadly, young workers are struggling to find jobs across industries; the unemployment rate for US college graduates ages 22 to 27 has jumped to 5.8%, the highest in 12 years.
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