This post is part of “the state of the young college grad” series that I’m doing. Today it’s time for unemployment.
In the 12 months ending September 2011, the unemployment rate of young college grads was 4.4%. That’s double what it was four years ago (2.2% in the 12 months ending September 2007). (These figures include everyone aged 25-34 with a bachelor’s degree or more).
Still, young college grads are doing much better than their less-educated counterparts. Take a look at this chart:
While the unemployment rate for young college grads doubled, the unemployment rate for everyone else more than doubled. For example, the unemployment rate for young high school grads went from 6.1% to 13.4% over the same period.
Next I’m going to look at the employment patterns of young college grads.