The Outlook for College Graduates
In recent years, college graduates have experienced relatively low unemployment rates and rising relative wages. The continuing low share of new four-year grads in the total workforce suggests that these trends will be sustained. Nevertheless, last year the Bureau of Labor Statistics (BLS) predicted that the supply of college graduates would outstrip demand by an average of 330,000 jobs per year between now and 2005, and that nearly 25% of new entrants to the college-educated labor pool would have to settle for work that does not require a college degree.
Suggested citation: “The Outlook for College Graduates,” Federal Reserve Bank of Cleveland, Economic Trends, no. 95-12, pp. 12, 12.01.1995.