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Career

Unemployment Rate Down for College Graduates

Time to breathe a collective sigh of relief, collegiettes—even with all those student loan payments, getting your college degree really is worth it in today’s economy.

According to an MSNBC report, the unemployment rate for college graduates fell in May from 4 percent to 3.9 percent, while the unemployment rate for people with just a high school degree increased from 7.9 percent to 8.1 percent. That means American college graduates are now more than twice as likely to find a job as Americans who only graduated from high school.

As of May, nearly 46.4 million college graduates are employed, according to the Bureau of Labor Statistics. That’s 1.5 million more than last year.

Jack Downing, a managing partner with the job placement firm MRINetwork WorldBridge Partners, tells MSNBC that there has been high demand for college graduates in the last six months—some recent graduates are even getting multiple job offers.

“(Employers are) going to take somebody with a college education over somebody that’s not (got a degree),” Downing tells MSNBC. “It shows a commitment to themselves. It shows that they can learn, and most likely are going to be committed to career development.”

Now go update your resume and show those employers what you’ve got!

Michelle was the Senior Editor of Her Campus. She is passionate about producing high-quality, entertaining and informative content for readers. Before joining the staff full-time, she was an editorial intern, the Life Editor and a contributing writer for HC, during which time she wrote the most-read article in HC history. Before joining the HC team, Michelle interned for The News & Observer in Raleigh, NC. A native of North Carolina, Michelle graduated from UNC-Chapel Hill in 2013 with a B.A. in journalism and French and a minor in music. In her spare time, she likes to run (a lot), buy way too many magazines, obsessively follow UNC basketball and explore new places. You can follow her on Twitter: @mclewis3
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