Spotlight for Career Services ProfessionalsSpotlight for Recruiting ProfessionalsFebruary 19, 2014
Recent unemployment figures released by the U.S. Bureau of Labor Statistics indicate a stagnating, if not regressing, college labor market.
The unemployment rate for bachelor’s degree holders aged 20 to 24 (an indicator for recent college graduates) stood at 8.7 percent for January 2014. This was 0.7 percent higher than the unemployment rate for the same group in January 2013.
It marked the 10th time in the past 11 months that the unemployment rate for young college graduates has been greater than the monthly unemployment rate in the previous year. Prior to this trend beginning last spring, the year-to-year change in the monthly unemployment rate for young college graduates had declined in 16 out of the previous 18 months.
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