Unemployment and underemployment rates of young college graduates, 1994–2014*
| Unemployment rate | Underemployment rate | |
|---|---|---|
| 1994 | 5.3% | 10.2% |
| 1995 | 5.8% | 10.9% |
| 1996 | 5.5% | 9.8% |
| 1997 | 3.8% | 7.7% |
| 1998 | 4.4% | 7.6% |
| 1999 | 5.0% | 7.6% |
| 2000 | 4.3% | 7.0% |
| 2001 | 5.9% | 9.4% |
| 2002 | 5.7% | 9.2% |
| 2003 | 6.4% | 11.3% |
| 2004 | 5.9% | 10.7% |
| 2005 | 5.5% | 10.1% |
| 2006 | 5.0% | 8.9% |
| 2007 | 5.5% | 9.6% |
| 2008 | 5.9% | 10.7% |
| 2009 | 9.1% | 17.3% |
| 2010 | 9.6% | 18.2% |
| 2011 | 9.3% | 18.0% |
| 2012 | 8.0% | 16.9% |
| 2013 | 8.6% | 16.9% |
| 2013-04-01 | 8.5% | 16.8% |
* Data for 2014 represent 12-month average from April 2013–March 2014.
Note: Underemployment data are only available beginning in 1994. Data are for college graduates age 21–24 who do not have an advanced degree and are not enrolled in further schooling. Shaded areas denote recessions.
Source: Authors' analysis of Current Population Survey microdata