Question of the Day: What’s the current unemployment rate for 22-27 year-olds who graduated from a four-year college?
Answer: 3.9%
Questions:
- What is the difference today in unemployment rates for those 22-27 year olds with a bachelor’s degree and those without?
- What was this difference in 2010 following the Great Recession? Has the gap narrowed or widened between those with/without degrees?
- Why do you think that having a college degree impacts an individual’s probability of getting a job?
- Overall, what has been the trend in unemployment across all types of workers since 2010?
Behind the numbers (Federal Reserve)
This web feature provides regularly updated information on labor market outcomes of recent college graduates. The underlying data are available for download. Interactive charts allow users to:
- compare the unemployment rate of recent college graduates with that of other workers;
- monitor the underemployment rate of recent college graduates;
- track trends in the types of jobs held by those who are underemployed; and
- gauge the earnings of recent college graduates against those of workers holding only a high school diploma.
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Looking for more Questions of the Day, be sure to check out the QoD Library here or better yet, subscribe and get it sent to your inbox every morning.
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On the subject of careers, how do salaries vary based on college major? Check out this interactive and find out.
About the Authors
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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