Unemployment Rate - College Graduates - Professional Degree, 20 to 24 years
CGPD2024 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.20
Year-over-Year Change
19.15%
Date Range
12/1/2000 - 9/1/2024
Summary
Tracks unemployment rates for college graduates with professional degrees aged 20-24. Provides critical insights into early-career employment dynamics for highly educated young professionals.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric measures joblessness among recent graduates with professional degrees. It reflects labor market conditions and educational workforce integration.
Methodology
Data collected through monthly Current Population Survey by U.S. Bureau of Labor Statistics.
Historical Context
Used by policymakers and educators to assess higher education's labor market effectiveness.
Key Facts
- Reflects early-career employment challenges
- Indicates professional degree market value
- Tracks generational workforce trends
FAQs
Q: What does this unemployment rate measure?
A: Tracks joblessness for 20-24 year old professionals with advanced degrees. Indicates early-career employment challenges.
Q: Why is this unemployment rate important?
A: Reveals labor market conditions for highly educated young professionals. Helps understand educational investment returns.
Q: How often is this data updated?
A: Monthly updates through the Current Population Survey by Bureau of Labor Statistics.
Q: How does this compare to overall youth unemployment?
A: Professional degree holders typically experience lower unemployment rates compared to general youth population.
Q: What factors influence this unemployment rate?
A: Economic conditions, industry demand, and specialized skill relevance impact professional graduate employment.
Related Trends
Unemployment Rate - College Graduates - Bachelor's Degree, 16 to 19 years
CGBD1619
Unemployment Rate - College Graduates - Bachelor's Degree and Higher, 20 to 24 years
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Unemployment Rate - College Graduates - Bachelor's Degree, 65 years and over
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Unemployment Rate - College Graduates - Bachelor's Degree and Higher, 16 to 19 years
CGRA1619
Unemployment Rate - Less than 1 year of High School, 16 to 19 years, Men
L1HS1619M
Unemployment Rate - Associate Degree, 25 to 64 years, Men
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Citation
U.S. Federal Reserve, Unemployment Rate - College Graduates - Professional Degree, 20 to 24 years (CGPD2024), retrieved from FRED.