The Class of 2015 Might Have a Little Better Luck Finding a Good Job

Jaison Abel and Richard Deitz

No 20150515, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: With the college graduation season well under way, a new crop of freshly minted graduates is entering the job market and many bright young minds are hoping to land a good first job. It?'s no wonder if they are approaching the job hunt with some trepidation. For a number of years now, recent college graduates have been struggling to find good jobs. However, the labor market for college graduates is improving. After declining for nearly two years, openings for jobs requiring a college degree have picked up since last summer. Not only has this increase in the demand for educated workers continued to push down the unemployment rate for recent graduates, but it has also finally started to help reduce underemployment, though the underemployment rate remains high. While successfully navigating the job market will likely remain a challenge, it appears that finding a good job has become just a little bit easier for the class of 2015.

Keywords: demand; unemployment; underemployment; college graduates (search for similar items in EconPapers)
JEL-codes: J00 Q1 (search for similar items in EconPapers)
Date: 2015-05-15
New Economics Papers: this item is included in nep-ore
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