Examines the cyclical pattern of recent college graduate unemployment and offers suggestions to students who may be graduating soon.
“Unemployment among recent college graduates was cyclical: it went up every summer when pretty much everyone graduates from college at the same time and it came down every fall as college students find their way into the labor market…. The most recent statistics fit the general seasonal pattern in recent college graduate unemployment. In 2013, 1.7 million recent college graduates entered the labor market…. The summer surge in unemployment of recent college graduates happened every year regardless of overall economic conditions…. Recent college graduates still faced a lower unemployment rate than the workforce overall, and the gap between the two has nearly doubled since the beginning of the recession—from less than 1 percentage point in 2007 to more than 2 percentage points in 2012” (p.2-5). (Abstractor: Author)

Major Findings & Recommendations

• “If the recovery holds, there will be 19.4 million job openings for people with four-year college degrees over the next 10 years: 10.7 million brand new jobs for college graduates and 8.7 million job openings to replace retiring baby boomers" (p.3). • "The summer surge in unemployment of recent college graduates happens every year regardless of overall economic conditions" (p.4). • "Recent college graduates still face a lower unemployment rate than the workforce overall, and the gap between the two has nearly doubled since the beginning of the recession—from less than 1 percentage point in 2007 to more than 2 percentage points in 2012” (p.5). (Abstractor: Author)