Unemployment Rate - College Graduates - Bachelor's Degree and Higher, 20 to 24 years
CGRA2024 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.60
Year-over-Year Change
-1.15%
Date Range
1/1/2000 - 7/1/2025
Summary
Tracks unemployment among recent college graduates aged 20-24. Provides critical insight into early career job market conditions for young, highly educated workers.
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 for college graduates with bachelor's degrees or higher in the 20-24 age bracket. It reflects entry-level labor market dynamics.
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 job market challenges
- Indicates economic opportunities for new graduates
- Helps predict workforce development trends
FAQs
Q: What does the CGRA2024 unemployment rate indicate?
A: Measures joblessness among recent college graduates aged 20-24. Provides insight into entry-level job market conditions.
Q: How often is this data updated?
A: Monthly updates through the Current Population Survey by the Bureau of Labor Statistics.
Q: Why is this unemployment rate important?
A: Helps assess economic opportunities for young, educated workers and higher education's labor market alignment.
Q: How does this rate impact economic policy?
A: Informs workforce development, education funding, and job market intervention strategies.
Q: What factors influence this unemployment rate?
A: Economic conditions, industry demand, and broader labor market trends affect recent graduate employment.
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Citation
U.S. Federal Reserve, Unemployment Rate - College Graduates - Bachelor's Degree and Higher, 20 to 24 years (CGRA2024), retrieved from FRED.