US graduates are struggling to find a job: The unemployment rate among new college graduates has averaged 6.6% over the last 12 months, the highest in a decade, outside of 2020. The jobless rate for people aged 20 to 24 who are looking for work and have at least a bachelor’s degree has risen by ~1.3 percentage points in 3 years. By comparison, the nationwide unemployment rate stands much lower, at 4.2%. Furthermore, the unemployment among college grads aged 22 to 27 averaged 5.8% in Q1 2025, according to the NY Fed. As a result, the unemployment gap between young graduates and the general population is now the largest in ~35 years. Graduates are facing an unemployment crisis.