At 5.3%, the unemployment rate for young university graduates is at its highest in around three years, said New York Fed economist Richard Deitz.
A new study finds that “a large fraction — around 20% — of college graduates obtained their degree after age 30.”
The class of 2023 is entering a strong labor market as employers continue to snap up workers.
“Companies are recruiting at a level that we’ve never seen before,” said Colby College President David Greene.
The news has fueled a perception that officials are out to inflate employment figures for a record 8.7 million graduates potentially entering a worsening jobs market.
Federal workers started bailing out of government jobs last December, as the shutdown got underway; 22,000 quit in March.
We look into the history of rising tuition and shrinking student aid.
The tight labor market is translating into one of the most robust hiring seasons for college grads in recent years.
A look at the state of wages for young college graduates and how wages break down by education level.
Meanwhile, the top percentile of wage earners are seeing the fastest wage growth.
