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Federal Reserve Bank of New York
Current Issues in Economics and Finance
Are recent college graduates finding good jobs?
Jaison R. Abel
Richard Deitz
Yaquin Su
Abstract

According to numerous accounts, the Great Recession has left many recent college graduates struggling to find jobs that utilize their education. However, a look at the data on the employment outcomes for recent graduates over the past two decades suggests that such difficulties are not a new phenomenon: individuals just beginning their careers often need time to transition into the labor market. Still, the percentage who are unemployed or “underemployed”—working in a job that typically does not require a bachelor’s degree—has risen, particularly since the 2001 recession. Moreover, the quality of the jobs held by the underemployed has declined, with today’s recent graduates increasingly accepting low-wage jobs or working part-time.


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Jaison R. Abel & Richard Deitz & Yaquin Su, "Are recent college graduates finding good jobs?" , Federal Reserve Bank of New York, Current Issues in Economics and Finance, volume 20, number 1, 2014.
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Keywords: college graduates; labor market; underemployment; unemployment; Great Recession
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