Unemployment Rate: College Graduates: Advanced Degree: Master's Degree and Higher, 20 to 24 years
CGAD2024 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
4.65%
Date Range
12/1/2014 - 7/1/2025
Summary
Tracks unemployment rates for young college graduates with advanced degrees. Provides critical insight into labor market conditions 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 20-24 year old individuals with master's degrees or higher. It reflects early-career employment challenges for advanced degree holders.
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 higher education labor market dynamics
- Important economic mobility indicator
FAQs
Q: What does this unemployment rate measure?
A: Tracks joblessness for 20-24 year olds with master's degrees or higher. Provides insight into early-career employment challenges.
Q: Why is this unemployment rate important?
A: Indicates labor market conditions for highly educated young professionals. Helps understand education-to-employment transitions.
Q: How often is this data updated?
A: Monthly data collection through the Current Population Survey by the Bureau of Labor Statistics.
Q: What factors influence this unemployment rate?
A: Economic conditions, industry demand, and regional job markets impact employment for advanced degree holders.
Q: How does this compare to overall unemployment?
A: Generally lower than overall unemployment, reflecting advantages of advanced educational credentials.
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Citation
U.S. Federal Reserve, Unemployment Rate: College Graduates: Advanced Degree (CGAD2024), retrieved from FRED.