IDEAS home Printed from https://ideas.repec.org/p/fip/fednls/86968.html
   My bibliography  Save this paper

Are the Job Prospects of Recent College Graduates Improving?

Author

Abstract

The promise of finding a good job upon graduation has always been an important consideration when weighing the value of a college degree. In our final post of this week’s blog series, we take a look at the job prospects of recent college graduates. While unemployment among recent graduates has continued to fall since 2011, underemployment has continued to climb—meaning that fewer graduates are finding jobs that make use of their degrees. Do these trends mean that there has been a decline in the demand for those with college degrees? Using data on online job postings, we show that after falling sharply during the Great Recession, the demand for college graduates rebounded during the early stages of the recovery, but has been flat for the past year and a half, suggesting that the demand for college graduates has leveled off. All in all, while finding a job has become easier for recent college graduates over the past few years, finding a good job has not, and doing so is likely to remain a challenge for some time to come.

Suggested Citation

  • Jaison R. Abel & Richard Deitz, 2014. "Are the Job Prospects of Recent College Graduates Improving?," Liberty Street Economics 20140904a, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:86968
    as

    Download full text from publisher

    File URL: https://libertystreeteconomics.newyorkfed.org/2014/09/are-the-job-prospects-of-recent-college-graduates-improving.html
    File Function: Full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pierre Cahuc, 2018. "Wage Insurance, Part-Time Unemployment Insurance and Short-Time Work in the XXI Century," Sciences Po publications 12045, Sciences Po.
    2. Jung-Yon Lim & Young-Min Lee, 2019. "Exit duration and unemployment determinants for Korean graduates," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 53(1), pages 1-14, December.
    3. Stuart J. Heckman & Jodi C. Letkiewicz & Kyoung Tae Kim, 2023. "A Fracturing Social Contract? How Perceptions of the Value of Higher Education are Changing," Journal of Family and Economic Issues, Springer, vol. 44(1), pages 156-174, March.
    4. repec:hal:spmain:info:hdl:2441/42uqs7948j8nfahfgmbdn90hje is not listed on IDEAS

    More about this item

    Keywords

    Labor Demand; Underemployment; College Graduates; Job Market;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednls:86968. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.