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majormajoryesterday at 11:40 PM1 replyview on HN

"College grads are fully employed" certainly wasn't true in 2013 but the chart ain't that hard to read.

The news here is how much it's changed.

2011 and 2013 were the years most tilted in the other direction since 1991 (unemployment rate 2 percentage points lower among new grads than all others). Only since 2019 have new grad overall had a higher unemployment rate, and it's climbing.

One of the interesting aspects here is that bad economies generally favored new grads because the unemployment baseline was higher and employers were picky and favored "any degree" over "no degree". I wonder how much of the change is from less of a preference for "any degree but not much experience" to "experience regardless of degree" in work that doesn't exactly need a degree. And how much is from job availability shifts eating away at entry level roles combined with the ever-present "get a degree to get a good job" pro-college marketing for most of recent US history.


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trescenzitoday at 2:25 AM

I was replying to the comment not necessarily the article. The _not new_ was in reference to college grads not always having an easy time. That being said looking at the cited data I don't really know if I agree with the conclusion.

https://www.newyorkfed.org/research/college-labor-market#--:...

While it is new, since 1990, that recent college grads are doing worse than all workers it's not the case that the degree is no longer a buffer. If you compare Young Workers(7.5%) to Recent College Grads(5.6%), i.e. the same age range, or All Workers(4.3%) to All College Grads(3.1%) as of today there's still a buffer.

Edit: They point this out later in the piece themselves