How many college graduates are unemployed?

The latest unemployment rate for recent graduates, at 4.4 percent, is higher than the overall joblessness rate and nearly double the rate for all workers with a college degree, according to an analysis by the Federal Reserve Bank of New York.

What percentage of college graduates get a job?

The good news – at least on the surface – is that 89% of respondents are gainfully employed, with the remaining grads still job-searching. However, digging deeper reveals that, for a portion of grads, their jobs aren't necessarily letting them use their new degrees to their best advantage.

How many people without a college degree are unemployed?

In February 2022, the unemployment rate for people 25 years and older who were high school graduates with no college was 4.5 percent. Those with less than a high school diploma had a similar unemployment rate, 4.3 percent.

How many college grads don't work in their field?

"In addition to dealing with financial insecurity, only 46% of college grads surveyed say they currently work in their field of study.

Are college graduates more likely to be employed?

Compared with individuals whose highest degree is a high school diploma, bachelor's degree holders are 24 percent more likely to be employed, 3.5x less likely to impoverished, and nearly 5x less likely to be imprisoned.

10 College Degrees With The Highest Unemployment Rates

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.

Are college graduates less likely to be unemployed?

Key Takeaways. College graduates are half as likely to be unemployed as their peers who only have a high school degree.

What percent of college graduates can't find a job?

The latest unemployment rate for recent graduates, at 4.4 percent, is higher than the overall joblessness rate and nearly double the rate for all workers with a college degree, according to an analysis by the Federal Reserve Bank of New York.

Why college grads are not employable?

Many college graduates can't find a job because they really don't know what employers want. Many college graduates focus more on selling their college majors rather than promoting work habits like initiative, flexibility and strong communication skills.

How many people without a college degree are successful?

Based on these findings, those who become highly successful without college education appear to be in the minority, roughly 6 percent.

What degree is most unemployed?

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. Persons identifying as Hispanic or Latino, without regard to race, had the lowest educational attainment.

Is it bad to be 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.

What is a good salary right out of college?

As of Dec 25, 2023, the average hourly pay for a College Grads in California is $64.04 an hour. While ZipRecruiter is seeing salaries as high as $124.08 and as low as $10.68, the majority of College Grads salaries currently range between $23.03 (25th percentile) to $91.11 (75th percentile) in California.

How many college students actually get a job?

Why it matters. Working while in college is very common, especially with the rising price of college tuition and the burden of student loan debt. Recent estimates show that 43% of full-time students and 81% of part-time students work while enrolled in college.

How many people actually use their college degree?

There are two different things going on in this chart. First, a significant number of college grads appear to be underemployed: In 2010, only 62 percent of U.S. college graduates had a job that required a college degree.

What college degree is most employable?

Is graduating college at 24 bad?

Graduating with a bachelor's degree at the age of 24 is not late at all. People pursue their education at different paces for various reasons, and there is no one-size-fits-all timeline for completing a degree. It's important to focus on your own journey and accomplishments rather than comparing yourself to others.

What are 5 work skills that college graduates lack?

A similar survey conducted by the Society of Human Resources Management (SHRM) lists the top five applied skills employers believe college graduates lack as: Professionalism/work ethic (43%), relationship building/soft skills (29%), business acumen (28%), written communications (26%), and critical thinking/problem- ...

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

You're not the only one having a tough time

The job search can be a slog. It's hard, but it's normal. Don't fall into the trap of thinking you're the only one without a job. And don't scroll LinkedIn: remember, none of your classmates will post, “I'm still looking for a job, but I'm anxious and burnt out.”

How long does it take the average college graduate to get a job?

It takes an average of three to six months for college graduates to find a job after college.

Why are so many college graduates unemployed?

There are several reasons why some college graduates may not be working. One reason could be that they are still searching for a job that aligns with their skills and qualifications. Another reason could be that they are pursuing further education or taking a break before entering the workforce.

What percent of Americans have a college degree?

In the Census Bureau's most recent 2022 findings, the percentage of people with a bachelor's degree or higher remained stable from the previous year at around 37.7%. Americans are still prioritizing college and doing so in record numbers.

Are college students technically unemployed?

To be considered unemployed a person has to be out of work and currently looking for employment. So a full time college student is not counted as unemployed until they begin to seek employment.