The following is an excerpt from Millie Dent | February 2, 2016 | Thefiscaltimes.com |
Memo to parents: It’s time to call your decorator and redo the den, which you never thought your unemployed college grad was going to leave.
The unemployment rate for college grads ages 22 to 27 is rapidly falling, while salaries for this group are now at the highest level in more than a decade, according to new data from the Federal Reserve Bank of New York.
From a peak of 7.1 percent in March 2011, the unemployment rate for recent college grads fell to 4.9 percent in 2015. It’s now lower than the current national average of 5 percent.
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