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A surprising new culprit for youth unemployment.

From Marketplace, I'm Nancy Marshall Ginsburg in Washington.

A new analysis from the New York Fed points to a possible new reason for the rise in youth unemployment,

not AI, but remote work.

The research finds that since the rise of remote work during the

pandemic, companies have become less likely to hire recent college graduates into jobs that can be

done off-site. For more on what this means, for this year's grads were joined by David Kelly,

chief global strategist at J.P. Morgan Funds. Good morning. Good morning. So is remote work

sidelining younger workers? Does that track with what you're seeing in the labor market?

I think it adds to the problems that younger workers are facing. We've known ever since the pandemic

that while more experienced workers can work from home with less supervision. It was really very important

to have the youngest workers, the analysts and the research assistants in the office, learning the

culture, learning from each other. And so I think a lot of companies are just much more reluctant

to hire people fresh out of college and have them work from remote locations. And I think that's just

adding to the problems that younger workers are having. And why would that be? They just feel like

they can't train people if they're remote? Well, that's right. I mean, there's a lot of stuff that

you learn intuitively from the office watching other people doing things, a lot of work habits in terms

when you clock in,

when you clock out, do you get distracted? And also just the ability of companies to sort of know

...