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.

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  1. I am in a unique situation. I would like to know if even though I work for a church that does not pay into unemployment, I have only been here a year and my job previous did pay into unemployment. Would I be eligible for unemployment benefits if I were laid off? This is in the state of Nevada. If so, how long do I have before that is NOT the case? In other words, I know that benefits usually go back 18 months. Would it be the same in this case?

    1. Leslee,

      As much as I am aware, church employees do not qualify to receive UI benefits. Please call the Unemployment Office for clarification.

  2. The unemployment office in Nevada doesn’t answer the phone. They have a recording that says they only take new claims on Monday, and Tuesday, from 8am to 4pm. But if you call at 8am, they tell you that the “Que is already full for the day.” How can that be possible if they don’t start accepting calls until 8am? No wonder unemployment in the United States is DOWN! They don’t accept phone calls after they tell you online that you “have to call to confirm your information” and then they don’t take the calls.

  3. I have called as soon as they open and they just say please call on the next business day I DID and you still didn’t answer

  4. Could you please provide a reference for the following statement in your article – please see below. Thanks.
    “You may also be qualified for unemployment benefits if:
    …You entered Commission-Approved Training and the job is not considered suitable under Section 20 relating to your availability for work, active search for work or refusal to accept suitable work”.

  5. If I exhausted all my benefits last year 2019 and my new benefit year starts back up in Jan. 2020 can I reapply? I still should have money in other quarters from my previous job.

    1. Yvette,

      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.

  6. Can i receive unemployment if my car broke down and i couldnt work cause i work outta my car and i couldnt afford to get it fixed so i ended up not working there anymore cause the car situation

    1. Willie,

      I can understand your situation. However, I am not sure if you can claim for voluntary reasons. Please call the Unemployment Office for clarification.

      1. Hello,

        I have been unemployed since this past July. My regular unemployment benefits are running out. Can I apply for Emergency Unemployment Benefits after this claim expires? What can I do?

        Thank you,D. ANDERSON

  7. I filed my first bi-weekly claim today but it only took my first week. Are there only certain weeks I can file 2 weeks worth of unemployment?

    1. How strict are they on the school program being less than 2 years for CTB training extension? I have an interview next week for a Training Extension. I started school this week, I am set to finish just a few months over the 2 year mark. Finishing in May 2022.

  8. What if it’s an employer that is threatening over it being personal home life and nothing to do with work or the work place??

    1. Kelly,

      You can be eligible to claim if you resign due to hostile working conditions. Please make sure to check with the Unemployment Office before making a decision.

        1. Paula,

          A copy should be available on the department’s website. You will be able to download after logging in.

  9. I finally start new job on Monday. My work hours are 6;30-6:30pm.
    How can I file my last two weeks if I’m working

    Can I. Call Tuesday? What number?

      1. Hello, I live in the state of Pennsylvania, for reference. I was told on 1/9/2020 I am being let go because of financial issues my employer and office is having. With that, my employer said I can work for the next two weeks to give me time to find another job and if circumstances change they will call me back to work. My question is, Where do I go to figure out my quarter dollar amount earnings for my highest 4 out of 5 quarters. I’ve been with this employer for 7 months, started June 2019. Before that I was unemployed for 5 months and before that I was employed for years up until Feb 2019.

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