It May Not Be That Easy for College Grads to Get a Job

February 27, 2013

Dean Baker

The NYT had a very good piece on how government cutbacks in spending and employment have slowed the recovery. At one point it presents the view of Tyler Cowen, an economics professor at George Mason University, that:

“military contractors and personnel might be able to find new jobs with relative ease, because unemployment rates are fairly low for well-educated workers.”

While workers with college degrees do have lower unemployment rates than less educated workers, the current unemployment rate is close to twice its pre-recession level.

Unemployment Rate for College Graduates

[Unemployment Rate for People With at Least a College Degree. Source: Bureau of Labor Statistics.]