This year’s new college graduates are heading into a tougher job market than last year’s — who had it worse off than the class before that—just as the Trump administration cracks down on student loan repayments.
Recent grads’ unemployment rate was 5.8% as of March, up from 4.6% a year earlier, the Federal Reserve Bank of New York reported last week. The share of new graduates working jobs that don’t require their degrees—a situation known as “underemployment”—hit 41.2% in March, rising from 40.6% that same month in 2024.
“Right now things are pretty frozen,” Allison Shrivastava, an economist at Indeed Hiring Lab, said of entry-level prospects. “A lot of employers and job seekers are both kind of deer-in-headlights, not sure what to do.”
Read more at NBC News.
