May 19, 2005

National Data, By Edwin S. Rubenstein

Table for Young College Graduates Are Struggling. Guess One (Unmentionable) Reason

Table 1:

2002	38,518	33,057	5,461
2003	39,791	34,093	5,698
% increase, 2000-03:	10.3%	8.2%	24.6%
	% of College Educated Labor Force
2000	100.0%	87.3%	12.7%
2001	100.0%	86.7%	13.3%
2002	100.0%	85.8%	14.2%
2003	100.0%	85.7%	14.3%
	College Educated Unemployed (in 1,000s)
2000	601	495	106
2001	833	668	165
2002	1,122	892	230
2003	1,220	955	265
% increase, 2000-03:	103.0%	92.9%	150.0%
	Unemployment Rate of College-Educated (%)
2000	1.7%	1.6%	2.3%
2001	2.3%	2.1%	3.4%
2002	2.9%	2.7%	4.2%
2003	3.1%	2.8%	4.7%
Note: College educated includes those with a Bachelor's degree or more.
Source: Current Population Survey (CPS), Bureau of Labor Statistics; unpublished data.
Available upon request.

Edwin S. Rubenstein (email him) is President of ESR Research Economic Consultants in Indianapolis.

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