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College Degrees No Guarantee: White-Collar Jobless Rise
22 Nov
Summary
- Record 25% of unemployed individuals now hold four-year college degrees.
- Unemployment rate for bachelor's degree holders rose to 2.8%.
- White-collar hiring has sharply slowed down this year.
Americans with college degrees are facing a challenging job market, with a record 25% of the unemployed now holding four-year degrees. This statistic underscores a sharp slowdown in white-collar hiring throughout the current year, indicating that a college education is no longer a complete shield against joblessness.
The unemployment rate specifically for bachelor's degree holders saw a significant rise to 2.8% in September. This marks a notable increase compared to the same period last year, suggesting a deteriorating employment situation for educated professionals.
In contrast, other educational attainment levels experienced little to no increase in unemployment rates during the same timeframe. This data, delayed due to a government shutdown, points to a widening gap in employment security, with those in white-collar professions being disproportionately affected by the economic slowdown.
