National Data | Chart | Young College Graduates Are Struggling. Guess One (Unmentionable) Reason

By Edwin S. Rubenstein

05/19/2005

Table 1:

2002

38,518

33,057

5,461

2003

39,791

34,093

5,698

% increase, 2000-03:

10.3%

8.2%

24.6%

% of College Educated Labor Force

2000

100.0%

87.3%

12.7%

2001

100.0%

86.7%

13.3%

2002

100.0%

85.8%

14.2%

2003

100.0%

85.7%

14.3%

College Educated Unemployed (in 1,000s)

2000

601

495

106

2001

833

668

165

2002

1,122

892

230

2003

1,220

955

265

% increase, 2000-03:

103.0%

92.9%

150.0%

Unemployment Rate of College-Educated (%)

2000

1.7%

1.6%

2.3%

2001

2.3%

2.1%

3.4%

2002

2.9%

2.7%

4.2%

2003

3.1%

2.8%

4.7%

Note: College educated includes those with a Bachelor’s degree or more.

Source: Current Population Survey (CPS), Bureau of Labor Statistics; unpublished data.

Available upon request.

Edwin S. Rubenstein is President of ESR Research Economic Consultants in Indianapolis.

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