Study reveals underemployment peaks during recessions

January 8, 2014

A recent study from the Federal Reserve Bank of New York’s Current Issues reveals that the 2001 recession began the trend of recent US graduates working in jobs that do not require a degree, and that recent graduates are increasingly working in low-wage or part-time jobs. This underemployment among graduates has peaked at around 45% in 1992, 2004 and 2012, the report shows. Furthermore, the data show that underemployment was higher in some fields than in others. While 8% of recent liberal arts graduates were unemployed, another 52% didn’t need a degree for the job they held. Meanwhile, 5% of engineering undergrads were unemployed and only 20% were underemployed. Inside Higher Ed | Study