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More College Grads Finding Work, But Not in the Best Jobs
Youth see lower unemployment and higher underemployment, NY Fed data show
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More recent college graduates in the U.S. are finding work, but in jobs that don't require college degrees, according to new data from the Federal Reserve Bank of New York.
The unemployment rate for recent graduates fell to 4.6 percent on average last year, after rising to a post-recession high of 7.1 percent in the year through March 2011. The previous expansion saw the rate hit a low of 3.3 percent for the year through May 2007.