FileUnemployment

Job Prospects for Recent College Graduates Continues to Rise

The national average unemployment rate has witnessed a free fall over the last couple of months. Jobless rate last reported for February 2015 was just 5.5%, down by 1.2 percent over the year. Stakeholders across various social and economic groups have been closely tracking progress in their respective segments to monitor the impact of massive job creations in the last two calendar quarters.

A recent study by Georgetown University’s Center on Education and the Workforce titled “From Hard Times to Better Times” shows that recent college graduates in almost every major are likely to find employment opportunities than mid career high school graduates. Let us uncover key facts and figures from this study that relates to unemployment. The data considered here is from the period 2009 to 2012.

The Fact of The Matter

The jobless rates among recent college graduates varies, depending on the the bachelors degree and specialization. This study unravels the fact that graduate degree holders were sheltered from the effects of the recession. The following streams recorded highs and lows among college grads.

Recent College Graduates

The unemployment rates among recent grads in the following specializations were the highest.

  • Architecture (10.3%)
  • Social Sciences (10.1%)
  • Psychology and Social Work (9%)
  • Law and Public Policy (8.6%)
  • Humanities and Liberal Arts (8.4%)

Lowest in the fields below.

  • Agriculture and natural resources majors (4.5%)
  • Physical science majors (5%)
  • Industrial arts, Consumer services and Recreation  (5.4%)

Overall, the unemployment rates declined for most majors among recent graduates. Key facts as below.

  • Unemployment rates among workers aged 35 to 54 with certain years of experience coupled with college degrees was only 3.3% at its peak.
  • For recent graduate degree holders aged between 24 to 34, the unemployment rates have flickered around 4%.
  • For bachelor degree holders with experience between the age of 35 to 54, unemployment rates peaked at 5.1 percent in 2009-2010 and has gradually fallen to  4.5 % in 2011-12.

Jobless Rates Among Different Groups of Workers

  • Among all the groups, recent high school graduates have had the worst unemployment rates peaking at 17.8% in 2011-12 down from 18.6% in 2009-10.
  • The unemployment rate among  all high school diploma holders was down at 11.8% in 2011-12 from 12.4% in 2009-10.
  • The lowest group was Bachelor’s degree holders whose rates were the lowest at 5.1% in 2011-12, down by 0.4%.

College graduates had an advantage over wage compared to high school graduates in the post-recession economy. However, the impact of this reduction seem to have had little effect on the debt that college graduates hold in the economy. They carried a combined debt of $1.16 trillion in the fourth quarter of 2014, up by $77 billion, year on year. To sum it up, this year looks promising for the overall employment situation in country.

If you were recently laid off from your job, your state provides you monetary support by dispensing up to 26 weeks of unemployment compensation until you find a job. We urge you to take advantage of the unemployment insurance program which provides basic monetary backing. Its paramount to understand if you qualify before applying.

  1. Are you able to receive unemployment in the state of Ga if you receive lump sum severance (which was the same pay as a 2 week regular paycheck)

    1. Sid,

      The E.U.C(Emergency Unemployment Compensation) remains expired. There is no extension available. Please inquire further with the labor authorities in your state by calling them.

    1. Jose,

      We’re not a scam or a fraud website:) fileunemployment.org has been around for more than 10 years and we’re one of the leading forums for unemployment insurance and unemployment in general. Our daily visitor and patron base is of considerable size and we truly believe in being a center for jobless workers to access resources and share their queries.

      1. I’m confused the article is about extending unemployment benefits in Texas but there hasn’t been any approved Emergency extensions since 2013. Can you clarify this.

        1. Glo,

          The E.U.C(Emergency Unemployment Compensation) remains expired. There is no extension available. Please inquire further with the labor authorities in your state by calling them.

  2. I’m attemptiing to file my first weekly claim since my layoff, however, my PIN# is not correct. what do I do to get my correct PIN# , please?

  3. I have exhausted my unemployment benefits in Texas but my calendar year does not end until September. Do I have to wait until the calendar year is over in Texas, to apply for unemployment benefits in New York in which I have available quarters?

    1. Mattie,

      As much as I am aware, UI benefits are only a one-time cycle. Please call the Claims Center for clarification.

  4. Help ran out of unemployment benefits for the pass 8 years i have worked at Hexion speciality chemical plant in Brady Texas how can i get my benefits extended

    1. Roderick,

      The E.U.C(Emergency Unemployment Compensation) remains expired. There is no extension available. Please inquire further with the labor authorities in your state by calling them.

    1. Annette,

      You can visit the official website of the Unemployment Office and ‘login’ to check the claim status. Alternatively, you can also call the Claims Center.

      PS: It should not take 6 weeks to process the initial claim. Please chase at regular intervals.

    1. Jocelyn,

      Unemployment is offered to claimants who’re able and available for work. Please call the Unemployment Office to ascertain if you can apply.

  5. I have been working for the same company for the past 11 years. I started out cleaning apartments, then landscaping and finally Asst. Manager for the past seven years. However, the owner/ manager had us all sign papers claiming we were “Independent Contractors.” I worked Monday thru Friday from 8am – 5pm the entire 11 years. Obviously, in reality, we had Never been “Independent Contractors.”
    Finally, October 2018 we became employee’s. On May 10, 2019 he sold the business which puts us all out of work. I tried filing for unemployment, but, I don’t have enough quarters in. Assuming I’m still out of work, can I wait for the next quarter to end, thus giving me the 2 quarters I need or will it not make a difference.

    1. Lea,

      Why don’t you look at alternate based period? Please use the link below to access the Base Period calculator.

  6. I have been working as an hourly employee for the last 4 months. Currently the board of the nonprofit agency came to me and told me that I had to file a 1099 or go to part time or find a new job. I have a scheduled time that I report to work. What are the laws here in Florida about who can receive a 1099

  7. I am unemployed and currently going to a community college. How can I apply for federal assistance?

    1. Carol,

      If you’re able and available for full-time employment, you can directly go to the website of the Unemployment Office and apply.

  8. I have worked in AZ since March 2016. However, I moved lived and worked for my employer in CA since 08/02/1982. Can I apply for Cali unemployment benefits?

    1. Robert,

      You should be applying from the state where your employment was based. Employers generally remit unemployment taxes to the state where the employee is based.

      1. How long does it take Washington state unemployment to deposit your back pay after they receive the determination letter from OAH stating I won my appeal?

  9. I have been trying for over a month to file and I still do not seem to be able to do it, but I finally got to the correct place, I think.

  10. Cumberland NJ Unemployment Center kept me on hold for 2 hours; I finally had someone answer my call, after providing my information and question regarding the status of my NJ Unemployment Claim the representative disconnected my call.

  11. Excellent list of things to help execute better. Even taking 3 or 4 of these that one does not currently utilize could help immensely.

    1. How did you calculate the total weekly Illinois benefit of $1495? Also, why isn’t Washington and Minnesota listed in your top 5 states with the highest paid unemployment insurance compensation?

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