Employment and Unemployment of College Grads

This article provides the August 2014 BLS monthly unemployment and employment data and analysis for bachelor’s degree college grads aged 20-24, given to the Curran Consulting Group by the Bureau of Labor Statistics.

The graphs below show the 20-24 year old cohort exclusively, with the first chart looking at the past two years (Jan, 2013—Aug, 2014), and the second chart comparing monthly unemployment rates over the last six years.

Aug2

The August 2014 unemployment rate(8.3%) is lower than last month, which is good albeit somewhat expected given the time of year, July usually showcasing the worst month each year. As the following chart illustrates, the monthly rates do tend to rise and fall in a similar pattern each year:

Aug1

The situation has been somewhat better,but, the question remains as to when there will be more consistent and sustained improvement in job prospects for new college graduates.

Comments

  1. Timothy says:

    Where is the data for these graphs coming from? Maybe it is posted here somewhere and I am just not reading closely enough, but I would very much like to see what the original source is for these graphs. Thanks.

  2. The first two charts use data from Table 10 (unpublished) from the Bureau of Labor Statistics. Unlike most BLS data, Table 10 provides information by educational attainment on individuals between the ages of 20-24. Table 10 can be requested from the BLS, but is not openly available.

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  1. [...] Consulting Group analyzed Bureau of Labor Statistics data on unemployment and college graduates. The report stated that 6.4% of young college graduates were unemployed in March 2013. It is true that those with a [...]

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