What Percent of College Graduates Are Unemployed?

2023-03-08 21:56:54

After eight years of economic downturn and low growth, the US labor market seems to have ended. The unemployment rate has declined to the level that has not been seen since the Great Depression, and employment prospects are improving, especially for university graduates. So, are most university graduates unemployed?

According to a new study by Georgetown University, the unemployment rate - the percentage of American workers who wish to work full-time but can not find a job, or who can not work part-time - already since 10 %It is less than.

Although the unemployment rate and unemployment rate of all categories of American workers are declining overall, the greatest benefit from unemployment is attributed to university degree holders.

How many college graduates are unemployed? According to a survey by Georgetown University, only 2% of university graduates failed to find a full-time job, which is less than half of high school alumni. Overall, the educational level of workers seems to be directly related to the unemployment rate. Even when the economic situation is improved, the employment rate of workers who have not received high school education is the highest (18.7%), high school graduates (12.9%), university graduates (9.6%), bachelor's degree holders (6.2) I have a life. Degree (4.2%)

As the education level goes up, not only will the number of unemployed and unemployed people decrease but the difference between the two figures is narrowing. In the case of high school graduates, the number of unemployed people has increased by 6%, but only 2% have a postgraduate degree.

The unemployment rate is often much higher than the traditional unemployment rate and is an indicator of important and overlooked employment markets.

Currently, only about half of the American workers are unemployed because of unemployment, these two figures (5% and 8% respectively) are at the lowest level this year, and these two figures remain unchanged before the economic recession It is far above the standards.

The most important and most impressive figure in Georgetown's report is the relevance between education and employment prospects. To my surprise, there may not be anyone, and more educated workers are more popular. Regarding the separation of service members, improving the employment market will create better conditions for restoring the private economy, but remembering that improvement is a big bias for best educated workers It is important.

Of course, not everyone can fulfill the time and economic responsibility to acquire a graduate degree.

All unemployed college graduates are about three times as high as unemployed high school graduates. According to NPR, as of August 2012, the unemployment rate of recent graduates has decreased to 6.8%, but the unemployment rate of the recent high school graduates who have not graduated from university is 24%.

Since 54% of new graduates are unemployed within one year after graduation, the university no longer guarantees stable employment. Unemployment is a reality, but it is not unemployed - 25% of the minimum wage work is done by college graduates. Nobody wants to go to college to become a Starbucks varistor. Tuition fees will be refunded as the system burst and student debts increased by $ 2,726 per second. RBC recently announced a report called "Humans Wanted". We emphasize the gap of "soft skills" such as critical thinking, creativity, communication and collaboration. RBC CEO Dave Mackay recently called this a "quiet crisis" and we are committed to solving this problem by investing $ 500 million over 10 years. Prosper is preparing to solve this problem.