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Are the Job Prospects of Recent College Graduates Improving?

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Abstract

The promise of finding a good job upon graduation has always been an important consideration when weighing the value of a college degree. In our final post of this week’s blog series, we take a look at the job prospects of recent college graduates. While unemployment among recent graduates has continued to fall since 2011, underemployment has continued to climb—meaning that fewer graduates are finding jobs that make use of their degrees. Do these trends mean that there has been a decline in the demand for those with college degrees? Using data on online job postings, we show that after falling sharply during the Great Recession, the demand for college graduates rebounded during the early stages of the recovery, but has been flat for the past year and a half, suggesting that the demand for college graduates has leveled off. All in all, while finding a job has become easier for recent college graduates over the past few years, finding a good job has not, and doing so is likely to remain a challenge for some time to come.

Suggested Citation

  • Jaison R. Abel & Richard Deitz, 2014. "Are the Job Prospects of Recent College Graduates Improving?," Liberty Street Economics 20140904a, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:86968
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    Cited by:

    1. Stuart J. Heckman & Jodi C. Letkiewicz & Kyoung Tae Kim, 2023. "A Fracturing Social Contract? How Perceptions of the Value of Higher Education are Changing," Journal of Family and Economic Issues, Springer, vol. 44(1), pages 156-174, March.
    2. Jung-Yon Lim & Young-Min Lee, 2019. "Exit duration and unemployment determinants for Korean graduates," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 53(1), pages 1-14, December.
    3. repec:spo:wpmain:info:hdl:2441/42uqs7948j8nfahfgmbdn90hje is not listed on IDEAS
    4. repec:hal:spmain:info:hdl:2441/42uqs7948j8nfahfgmbdn90hje is not listed on IDEAS

    More about this item

    Keywords

    Labor Demand; Underemployment; College Graduates; Job Market;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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