Job Market Is Tougher for Recent College Grads Than All Workers

The hot U.S. job market is tougher than it seems for one slice of the labor force.

Newly minted college graduates are seeing higher unemployment rates than the general population for the first time in a generation.

The unemployment rate for those aged 22 to 27 with a recently acquired bachelor’s degree or more was 4% in September -- about 0.4 percentage points higher than workers across all age groups, according to the New York Federal Reserve.

The milestone may reflect a sign of broad job market strength, not weakness, said Steve Bronars, an economist with Edgeworth Economics. Eager ...