One of the issues raised by the Occupy movement has been unemployment among college graduates, especially if combined with large levels of educational-related debt.
So, I thought it might be interesting to research the actual current unemployment level among college graduates, so as to have a firm idea of the magnitude of this problem.
It turns out that it may not be as much of a problem as some people might think.
According to the most recent numbers from the Bureau of Labor Statistics (see www.bls.gov/news.release/pdf/empsit.pdf), for persons 25 years and older, the seasonally adjusted unemployment rate for college graduates (including those with advanced degrees) as of December 2011 was only 4.1%.
[To put this in context, the unemployment rate for those without a high school diploma was 13.8%, for those with a high school diploma was 8.7% and for those with some college but without a bachelor's or higher degree was 7.7%.]
And in the last year or so, the unemployment rate for college (and above) graduates has continued a significant downward trend. See the following chart, based on BLS data, from the National Association of Colleges and Employers (www.naceweb.org/s12072011/job_market_new_graduates/) through November:
So, the take-away may be that while unemployment is a very unfortunate condition for anyone, for those with college or other advanced degrees the problem may not be as bad as some people might think.