Recent college graduates are having a harder time finding work, despite their higher education degrees, which usually give job-seekers a leg up in the labor market.
That’s according to a new report from Oxford Economics which shows that unemployed recent college grads account for 12% of an 85% rise in the national unemployment rate since mid-2023. That’s a high number, given that this cohort only makes up 5% of the total labor force.
What’s more, the rate of unemployment among workers who have recently graduated from college and are between the ages of 22 and 27, is nearing 6% —which is above the national unemployment rate of 4.2%.
Democrats made a decision in the 70s to abandon “blue collar” workers and instead focus on appealing to urban professionals. They have pretty much stuck with that strategy, except in tech where they cozied up with tech capitalists and worked to drive down tech worker salaries.