WASHINGTON (AP) — The job market for new college graduates is brightening but remains weaker than before the Great Recession began.
The Labor Department reports that the unemployment rate for 2013 college graduates — defined as those ages 20 to 29 who earned a four-year or advanced degree — was 10.9 percent. That was down from 13.3 percent in 2012 and was the lowest rate since 7.7 percent in 2007.
Female graduates fared better than men: 9 percent were unemployed as of October last year, compared with 13.7 percent of men. The economy has been generating jobs in many low-wage fields — such as retail and hotels — that disproportionately employ women.
Unemployment for recent grads was slightly above the overall 9.6 percent rate for Americans ages 20 to 29 in October.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.