June 2 at 4:45 PM: As this year’s college graduates transition from school to career, they are entering one of the healthiest job markets in decades for those with newly minted degrees. Compared with their counterparts from the Class of 2010 — who left college in the depths of the Great Recession, when the unemployment rate was 9.5 percent — this year’s graduates face unemployment of under 4 percent.
When students graduate matters significantly to their earnings in the formative years of their careers, according to researchers. Generally, people who enter the job market during an economic downturn start with lower wages than those who graduate in better times, and it takes those who start behind a decade or more to catch up — if they ever do. [MORE: Go to link here.]
