College rate ‘security prize’ is almost gone, but mainly because so non-grades refuse to work

The team led by Goldman’s chief economist Jean Hatzius themselves asked themselves: do they have difficulty finding their work in recent college graduates? Yes, yes: “The latest information shows that the wider labor market for the last college graduates is weakened at a time when it looks healthy.” The team was able to carry out three long-term trends by comparing the business market of the business market of the business market of university prices.

‘Security Premium’ with a college degree

Goldman, the latest university graduates and unemployment rate among young workers found a gap. In May 2025, the unemployment rate for local native college graduates of 22-27 years was 3.8% and more than 3.3% in full employment. In the last year, this group rose to 4.6% on average 12 months. However, the real story is compared to the unemployment for college rates, “security award” is less likely to be unemployed compared to non-rate peers – in previous powerful labor markets -4.1 points, -4.1 points.

This means that although college rates are still less unemployed than non-rate owners, the preference is already marginalized. The cavity has been raising questions about the sustainable value of a college education in today’s economy.

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Weak job seeker prices for grades

Another trend is a decrease in the rates to find work for the latest graduates. Historically college rates can expect to work sooner than their inferior peers. But in the last ten years, this gap was dramatically. In 2025, the degree of work for college rates, 0.9 percent compared to non-rate owners, more than 8.3 points in the previous employment periods.

It is partly cyclical to restore strong pandemics that restore strong pandemics in low-skilled sectors such as compression, production, production and retail sales. However, it is also a structure: industries that usually hire college graduates such as information services, finance and professional / business services, slow work growth, new grades are more difficult for new grads.

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Workforce Participation: a mixed picture

When unemployment is narrowed, the presence has expanded the gap. Since 1997, young workers, who have not had a college degree, are less likely to look for working with the degree of work seeking with the degree of work, compared to the two-point decline for college prices.

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In both groups, the growing share of young people is outside the workforce because they are in school – a positive sign for long-term results. However, there is a disturbing rise because they do not work in a disability, disease, pension or childhood “unable” for other reasons for other reasons. This group has increased twice in the last 30 years, some of the improvements of some unequality rates can be due to reducing employees who are completely working from the workforce.

For this story, Fortune generative AI used to help with initial draft. An editor confirmed the accuracy of the information before publication.