[Update] Question of the Day: What’s the current unemployment rate for 22-27 year-olds who graduated from a four-year college?

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Feb 24, 2020
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Career, Question of the Day, Economics, Employment

Answer: 3.9%

Questions:

  • What is the difference today in unemployment rates for those 22-27 year olds with a bachelor’s degree and those without? 
    • What was this difference in 2010 following the Great Recession? Has the gap narrowed or widened between those with/without degrees?
  • Why do you think that having a college degree impacts an individual’s probability of getting a job?
  • Overall, what has been the trend in unemployment across all types of workers since 2010?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Federal Reserve)

This web feature provides regularly updated information on labor market outcomes of recent college graduates. The underlying data are available for download. Interactive charts allow users to:
- compare the unemployment rate of recent college graduates with that of other workers;
- monitor the underemployment rate of recent college graduates;
- track trends in the types of jobs held by those who are underemployed; and
- gauge the earnings of recent college graduates against those of workers holding only a high school diploma.

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On the subject of careers, how do salaries vary based on college major? Check out this interactive and find out. 

 

About the Authors

Beth Tallman

Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.