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Recent college graduates and the labor market

Author

Listed:
  • Bart Hobijn
  • Colin Gardiner
  • Theodore S. Wiles

Abstract

In the recent recession and recovery, the unemployment rates, part-time employment trends, and earnings growth of recent college graduates have closely mirrored the patterns they displayed during the cyclical recession of 2001 and the subsequent jobless recovery. Recent college graduates are typically not subject to structural frictions that can contribute to weak labor markets, such as mismatches between the skills of job seekers and the needs of employers. Similarities in the labor market experiences of recent college graduates in the two recessions and recoveries suggest that the current high unemployment rate is primarily cyclical.

Suggested Citation

  • Bart Hobijn & Colin Gardiner & Theodore S. Wiles, 2011. "Recent college graduates and the labor market," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue mar21.
  • Handle: RePEc:fip:fedfel:y:2011:i:mar21:n:2011-09
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    Cited by:

    1. Julie L. Hotchkiss & M. Melinda Pitts & Fernando Rios-Avila, 2012. "A closer look at nonparticipants during and after the Great Recession," FRB Atlanta Working Paper 2012-10, Federal Reserve Bank of Atlanta.

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    Keywords

    Labor market ; College graduates;

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