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%.