Recent college graduates and the labor market

Bart Hobijn, Colin Gardiner () and Theodore Wiles

FRBSF Economic Letter, 2011, issue Mar 21

Abstract: In the recent recession and recovery, the unemployment rates, part-time employment trends, and earnings growth of recent college graduates have closely mirrored the patterns they displayed during the cyclical recession of 2001 and the subsequent jobless recovery. Recent college graduates are typically not subject to structural frictions that can contribute to weak labor markets, such as mismatches between the skills of job seekers and the needs of employers. Similarities in the labor market experiences of recent college graduates in the two recessions and recoveries suggest that the current high unemployment rate is primarily cyclical.

Keywords: Labor market; College graduates (search for similar items in EconPapers)
Date: 2011
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