The national unemployment rate rose to 8.2% in May as Silsby was graduating as one of 2.6 million who got bachelor’s, master’s or doctoral degrees in the school year now ending. The non-partisan Economic Policy Institute called their labor market “grim” and said that over the previous year, unemployment among college graduates younger than 25 had averaged 9.4%, with an additional 19.1% in jobs for which they were overqualified.
Beneath this cascade of sobering statistics, a new pragmatism might be forming.