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Young US College Graduates Face Tougher Job Market Than Average

  • Unemployment rate for the category is higher than national one
  • NY Fed data show trend reversed in 2018 for newly graduated
JPMorgan Chase CEO Jamie Dimon Speaks At Syracuse University

Photographer: Michael Okoniewski/Bloomberg

Job openings are near record highs in the US and unemployment is close to a generational low. But one category faces a tougher labor market than average: Young college graduates.

Since the start of 2021, the unemployment rate for those age 22 to 27 with a bachelor’s degree or higher has surpassed the national average every single month, according to data released by the Federal Reserve Bank of New York on Friday. Last month, the gap stood at 0.6 percentage point.