How long are people unemployed after college?

As a rule of thumb, a graduate should secure work within 6 months of graduation. Unfortunately, in today's job market, it is not uncommon to wait 12-18 months or even longer. It is important to note that the duration of unemployment after graduation can have an impact on one's career prospects.

Is it normal to be unemployed after college?

Since 1990, the unemployment rate for recent grads almost always has been lower than for the general population. But that changed after covid. New grads have consistently fared worse than other jobseekers since January 2021, and that gap has only widened in recent months.

How long does the average person stay unemployed?

In 1990, the average duration of unemployment in the United States was 12 weeks. The duration increased to 20.6 weeks in 2023, which was a decrease from the previous year.

What is the average time to get a job after college?

It takes about three to six months for the average college graduate to find a job after college. As of September 2023, the unemployment rate for bachelor's degree holders was 2.2% compared to 4% for those only holding a high school diploma.

What is the unemployment rate after college?

U.S. unemployment rate of recent graduates 2016-2023

In December 2023, about 4.8 percent of recent college graduates were unemployed in the United States. This was a significant decrease from September 2020, when the unemployment rate among recent college graduates was at nine percent.

Unemployed After College? My Experience & Advice No One Wants to Tell You

Are college graduates less likely to be unemployed?

Bachelor's degree holders are half as likely to be unemployed as their peers who only have a high school degree and they make $1.2 million in additional earnings on average over their lifetime.

Which college major has the highest unemployment?

The higher than average unemployment rates for recent college graduates tend to be concentrated in specific majors: Unemployment is highest for film, video, and photographic arts (11.4%); commercial art and graphic design (10.5%); and fine arts (10.1 %).

Is it hard to find work after college?

It's common to have difficulty finding a job in your field (or sometimes any job) after graduating. So if you have no job after college, whether you just graduated or have been searching for 1-2 years, don't feel bad. You're NOT alone.

Why is it so hard to find a job after college?

The job market is extremely competitive, as more and more Americans attain college degrees. Furthermore, employers are requiring unrealistic professional experience for entry-level positions, making it difficult for recent graduates to compete in the job market.

Why does it take so long to get a job after college?

Common reasons why it's hard for recent college graduates to find jobs include: Uncertainty with major. High competition. Little work experience.

Is being unemployed a red flag?

Employers don't really have any just cause for this bias, but the fact remains that being unemployed is seen as a red flag for many companies.

How long is it too long to be unemployed?

If you've been unemployed for about three months, a potential employer may not consider this as an employment gap. However, if your period of unemployment goes beyond 6-12 months, then an employer may consider this a gap.

Is it harder to get a job the longer you are unemployed?

The longer you're out of a job, the harder it may be to convince employers that you're “employable,” and your ability to find a job can get even more difficult. We recently asked our executive team how they feel job seekers who have been unemployed long-term might be able to free themselves from the stalemate.

What is the easiest job to get after college?

Why is life after college so hard?

Life can get tough after graduation due to various challenges and transitions. Here are some common difficulties: Job Search: Finding a job in your field can be challenging, leading to uncertainty and financial stress. Student Loans: Repaying student loans can be a significant financial burden.

Are roughly 53% of recent graduates unemployed or underemployed?

The fact is that approximately 53% of college graduates are unemployed or working in a job that doesn't require a bachelor's degree. It takes the average college graduate three to six months to secure employment after graduation. A student benefits from having a career-seeking strategy and previous work experiences.

How many people get a good job after college?

Fifteen percent get a job in their field of study. Forty-five percent get some kind of professional job, making a “college” salary. Forty percent end up underemployed, many working for minimum wage. These are pre-COVID stats.

How many college graduates are unemployed?

Fourteen percent of graduates were out of the labor force, and 4 percent were unemployed.

What is the most employable degree?

What college degree produces the most millionaires?

1. Engineering. Coming in at the top is engineering - which might surprise you, but the scope of engineering is huge and widening all of the time. 22% of the world's top 100 billionaires studied some kind of engineering.

Which degree has the highest dropout rate?

While students choose to drop out of college for many reasons, including cost, time commitment, and coursework difficulty, the major they choose also has an impact. Students who major in computer science tend to have the highest dropout rate, followed by advertising and agriculture majors.

Are high paying jobs guaranteed after college?

People with higher levels of education are more likely to participate in the labor force, to be employed, and to be employed full time than those without college degrees. There are no guarantees, of course, and some college graduates still struggle to find stable, well-paying jobs.

What age categories are unemployed the most?

The unemployment rate for people ages 16 to 24 in the United States in 2023 was 9.7 percent. However, this rate was much lower for people aged 45 and over, at 2.6 percent.

What is the most educated race in the United States?

Asian Americans had the highest educational attainment of any race, followed by whites who had a higher percentage of high school graduates but a lower percentage of college graduates.

What age is it hardest to get a job?

Once you are over 50 (or even 40) it is harder to get a job offer. They also offer some insights from recruiters as to why this might be.