Bank of America CEO Brian Moynihan said the firm hired 2,000 recent graduates from roughly 200,000 applications and warned that many Gen Z applicants are anxious about AI and the job market. Moynihan urged new graduates to harness their concerns as motivation while noting firms may redeploy AI-driven efficiencies into growth and hiring. The comments echo broader labor-market trends highlighted by policymakers: young jobseekers face a weak entry hiring environment and active concerns about automation. Jerome Powell and other economists have signaled that younger cohorts are encountering tougher hiring conditions than previous classes. Colleges and career centers should calibrate employer engagement, set realistic placement expectations, and boost training on AI‑adjacent skills and resilience. Strong employer pipelines remain essential to converting graduate applications into stable first‑career outcomes.