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In Hot U.S. Jobs Market, Half of College Grads Are Missing Out

Feb. 14, 2020, 12:00 PM

Millions of Americans are seeing little return from their expensive college degrees -- even in today’s hot jobs market.

For the first time in decades, recent college graduates are more likely to be out of work than the population as a whole, according to the New York Federal Reserve. And for the lower-earning half of college grads, the wage premium is shrinking fast.

Unemployment among Americans aged between 22 and 27 who recently earned a Bachelor’s degree or higher was 3.9% in December -- about 0.3 percentage point above the rate for all workers.

It’s another worrying sign for...

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