I didn't read the article (paywalled), but did the headline is "young graduates face the grimmest job market in years". Did they address how many years? I've seen now compared to 2000 & 2008, which were bad, but that we bounced back from. Is it the grimmest job market in years or the grimmest in centuries?
According to the article's graph of the fresh grad unemployment rate, the present climate is about as bad as in 2003 but less than a third as bad as it was in 2010. Unemployment during the pandemic spiked well above 2010, but only briefly, before returning to pre-pandemic level.