How many college students end up unemployed?

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.

What percentage of college students don t get a job after they graduate?

More than half of recent four-year college graduates, 52 percent, are underemployed a year after they graduate, according to a new report from Strada Institute for the Future of Work and the Burning Glass Institute. A decade after graduation, 45 percent of them still don't hold a job that requires a four-year degree.

What percentage of college students do not work?

First, most students work part- or full-time for at least some of their college tenure. Only about 15 percent of both two-year and four-year students in this cohort never work twenty or more hours during a semester. Second, community college students work more often than four-year students.

What percentage of college students are employed?

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.

What percentage of people don t have jobs with college degrees?

"In addition to dealing with financial insecurity, only 46% of college grads surveyed say they currently work in their field of study. 29% report working in a different field, while 16% of those under age 54 (and therefore not likely retired) say they are currently unemployed.

26 & Unemployed | how a uni graduate ended up jobless

How many people have a degree but no job?

The unemployment rate for people with some college or associate degree was 3.8 percent. Those with a bachelor's degree or higher had the lowest unemployment rate at 2.2 percent.

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.

Does being a student count as 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.

What percent of college students are underemployed or unemployed?

U.S. underemployment of college graduates 2016-2023

In December 2023, about 40.3 percent of recent college graduates were underemployed in the United States. This was a decrease from the previous month, when about 40.1 percent of recent college grads were underemployed.

What percentage of college students get a job in their major?

About 47% of the students were able to secure full-time employment in a job related to what they studied in college. Another 21% are working part-time in their field of study. About 29% are working in a different field, with about 16% of those under age 54 are currently employed.

Should I go to college or get a job?

A college education shows potential employers you can complete a long-term project, you can think critically, solve problems, and have the capacity to learn new things. Most jobs now require at least some college experience; without a degree, you will likely be at a disadvantage when competing against other applicants.

How many college students are struggling financially?

Students who indicated a major depressive disorder or generalized anxiety disorder were also more likely to have difficulty concentrating on academics. Financial distress: While enrolled in college, 73 percent of students had experienced financial difficulty.

How many college students are poor?

About two-thirds of students at California's community colleges and private for-profit two-year schools are from the lowest-income families (those with annual incomes under $30,000).

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 is no one hiring college students?

One of the reasons employers overlook college graduates is a lack of leadership experience. Many of the college graduates who can't find a job, are the students who did not develop any leadership experience during college.

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

How long does it take to get a job after college? On average it takes three to six months for new graduates to find their first jobs. That can feel like a lifetime to someone who used to complete entire semesters in the same amount of time.

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.

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.

What percent of Americans have a bachelor's 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.

What are the 4 main type of unemployment?

The most common types of unemployment are structural unemployment, frictional unemployment, cyclical unemployment, and seasonal unemployment.

What type of unemployment is a college student?

For instance, a case of frictional unemployment would be a college student quitting their fast-food restaurant job to get ready to find a job in their field after graduation.

Are homemakers considered unemployed?

In addition, students, retirees, the disabled, homemakers, and the voluntarily idle are not counted in the labor force.

What are the odds of getting a job after college?

If you're nearing graduation and wondering, “What percentage of college students get a job after they graduate?” then the good news is that 72.3% of all college graduates in the U.S. are employed. Having a degree is a distinguishing factor when applying for a job.

How long is too long without a job?

The stress of unemployment can take an even bigger toll on your mental health when your time without a job persists. If you have been job searching and applying and unemployed for longer than six months, it's time to revamp your strategy.

Do colleges care if you had a job?

To answer your question, yes, colleges do care about part-time jobs and it's definitely a good idea to include it in your application. College admissions officers are looking for well-rounded students who demonstrate not only academic prowess but also time management, commitment, and responsibility.