Job Market Is Turning Chilly for Recent US College Graduates

In a cooling US labor market, recent college graduates are among those feeling the chill most.

The gap between the unemployment rate for recent graduates and the overall rate for Americans with a college degree widened to 2.8 percentage points in September, according to data published Tuesday by the Federal Reserve Bank of New York. That’s the largest on record going back to 1990, aside from a few months early in the pandemic.

The gap has increased from 2 percentage points in June, according to the New York Fed data. It averaged 1.6 percentage points over the period since ...