Question of the Day: How high did the unemployment rate spike for recent college graduates during the Covid-19 pandemic?
Answer: 13.3% in June 2020
Unemployment rate of recent college graduates in the United States from January 2016 to September 2021
- Are you surprised by this number? Why or why not?
- How do you think the unemployment rate of recent college graduates compares to those with no college education? Why?
- The pandemic affected job security for many Americans. What are some ways that you could prepare for unknown events affecting your financial wellbeing? (Good financial preparation won't always be able to avoid negative effects of unforeseen events such as the Covid-19 pandemic, but many strategies can be helpful to make the effects less dire.)
Behind the numbers (Statista):
"In September 2021, about 5.4 percent of recent college graduates were unemployed in the United States. This was a large decrease from September 2020, when the unemployment rate among recent college graduates was at a high of 13.3 percent."
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