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Many recent college graduates are un- or underemployed.

The unemployment rate for recent college graduates (4.0%) exceeded the average for all workers, including those without a degree (3.6%) in 2019. The underemployment rate was 34% for all college graduates and 41.1% for recent grads. [129] The underemployment (insufficient work) rate for college graduates in 2015 was 6.2% overall: 5.2% for white graduates, 8.4% for Hispanic graduates, and 9.7% for black graduates. [101] According to the Federal Reserve Bank of New York, 44% of recent college graduates were underemployed in 2012. [42]

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