Recent four-year college graduates are struggling in the job market, but it’s a lot worse for job seekers with only a high school diploma or associate degree, concludes a Pew report.
Before the recession, just over half of young adults with a high school degree (HS) were employed, compared to almost two-thirds of those with an associate degree (AA) and nearly three-fourths of those with a bachelor’s degree (BA).
Job losses during the recession made existing employment gaps even worse. The employment declines for those with HS and AA degrees were 16 and 11 percent, respectively, compared with 7 percent for those with a BA degree.
Pew did not find “a sharp increase” in four-year graduates taking low-skill or low-wage jobs — or going to graduate school.