According to the BLS, only 70.2% of college graduates who received bachelor's degrees in the spring of 2023 were employed by October. This is the lowest non-recession number in recent years.
4 thoughts on “Raw data: Employment of recent college graduates”
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A job includes driving Uber and serving coffee etc. What most care about is, if the college degree translates into materially enhanced career opportunities.
According to this article "A decade after graduation, 45 percent of them still don’t hold a job that requires a four-year degree."
https://www.insidehighered.com/news/students/academics/2024/02/22/more-half-recent-four-year-college-grads-underemployed#:~:text=More%20than%20half%20of%20recent%20four%2Dyear%20college%20graduates%2C%2052,requires%20a%20four%2Dyear%20degree.
Maybe, but when you're competing with everybody else who has a degree and you don't, you get skipped over.
I'm getting a little tired of older folks not understanding the degree to which credential inflation has hit the job market.
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There's been a big pushback in recent years against requiring college degrees. As noted in this aritcle, Apple, Tesla, IBM, Delta Airlines, and Hilton are some of the companies that no longer require a college degree for an interview. And the percentage of jobs requiring a college degree has fallen from 51% in 2017 to 44% percent in 2021.
Which means it's hard to get a job that requires a college degree when fewer and fewer jobs have such a requirement.
https://hbr.org/2023/02/how-important-is-a-college-degree-compared-to-experience