Are recent college graduates finding good jobs?
Richard Deitz () and
Jaison Abel ()
Current Issues in Economics and Finance, 2014
According to numerous accounts, the Great Recession has left many recent college graduates struggling to find jobs that utilize their education. However, a look at the data on the employment outcomes for recent graduates over the past two decades suggests that such difficulties are not a new phenomenon: individuals just beginning their careers often need time to transition into the labor market. Still, the percentage who are unemployed or ?underemployed??working in a job that typically does not require a bachelor?s degree?has risen, particularly since the 2001 recession. Moreover, the quality of the jobs held by the underemployed has declined, with today?s recent graduates increasingly accepting low-wage jobs or working part-time.
Keywords: Great Recession; college graduates; unemployment; labor market; underemployment (search for similar items in EconPapers)
JEL-codes: J24 J20 J64 (search for similar items in EconPapers)
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