Dive Summary:
- Every summer unemployment rates for young people surge as new graduates look for jobs, but while unemployment numbers are adjusted seasonally, they do not take into account the cyclical arrival of new graduates in the labor market, a report finds.
- The summer surge appears to happen both when the economy is strong and unemployment is low and during a recession, the report says.
- Despite the fluctuations, having a bachelor's degree still puts graduates in a bracket with lower unemployment than the national average.
From the article:
... Mr. Carnevale says he views the annual cycle as evidence that colleges and job seekers alike need to change the way they view the transition from college to the work force. Students and parents should spend as much time planning for the transition from college to the labor force as they do for the leap from high school to college, so that the lag time is minimal. ...
