The job market for college graduates continues to improve, according to the latest quarterly report on The Labor Market for Recent College Graduates from the New York Fed Bank.
The unemployment rate for recent college grads, aged 22 to 27, fell to 3.9% in the fourth quarter of last year, its lowest level since the Great Recession and below the 4.7% national jobless rate and 8.6% jobless rate for young workers, according to the New York Fed.
The underemployment rate, which the bank defines as the percentage of graduates in jobs that don't require a college degree, dropped to 43.5%. That seems high at first glance but the underemployment rate, like the jobless rate for recent grads, was also at a post-Great Recession low, according to the NY Fed.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
