Only 20% of recent US college graduates have jobs in their field, while 38% have jobs that don’t require a degree. Living in a major city increases the likelihood of finding a related job. College graduates have a lower unemployment rate than those with only a high school diploma. Engineering and computer science majors earn the most, while healthcare majors have the lowest unemployment rate. Less than half of college freshmen who enrolled in 2006 graduated in 2012.
According to a 2013 study by the Federal Reserve Bank of New York, only 2013% of recent college graduates have a job that matches their specialty. Additionally, 38% of US college graduates have jobs that don’t even require a college education. The likelihood of US graduates finding a job related to their major increases by nearly 10% if they live in major metropolitan areas. Having a college degree has been found to significantly improve the likelihood of having a job: The unemployment rate for recent college graduates in 2013 was 3.3%, compared to 12% for those with only high school diplomas.
More information on recent graduates:
Engineering majors and computer science majors make the highest average annual salaries, at nearly $70,000 US Dollars (USD), while education majors average near $30,000 USD.
Healthcare-related majors typically have the lowest unemployment rate for recent college graduates, at an estimated 2% in 2012.
Fewer than half of freshmen who enrolled in college in 2006 graduated in 2012.
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