The unemployment rate for young college graduates exceeds that of the general population, and about 41 percent of recent college graduates -- and 33.8 percent of all college graduates -- are underemployed in that they are working in jobs that don't require a college degree.In December the unemployment rate for college grads 22 to 27 was 3.9%, compared to 3.6% for the country as a whole. Which is not really a big deal, and better than the 6.5% rate for 22-27-year-olds without a degree. People with the drive to finish college can almost all find some kind of work. But the transition to adulthood remains hard:
"It's maybe a little bit counterintuitive, but it’s not particularly surprising and the numbers have been pretty consistent for years," said David Soo, the chief of staff at Jobs for the Future. . . . "It's just that young people coming out of school often need a couple of years to get a foothold in the labor market, and then you start to see their unemployment and underemployment numbers come down. An investment in college is still the best one out there."