College grads face record-high unemployment gap, with over 40% underemployed despite 7.4M open jobs.

Recent college graduates are facing higher unemployment rates compared to all workers, with the gap reaching a record high of 2.8 percentage points in September. This is the widest gap since 1990, except for a few pandemic months. Despite 7.4 million unfilled jobs, the hiring rate has declined, and over 40% of recent graduates are underemployed, working in jobs not requiring a college degree.

November 20, 2024
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