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New College Graduates Greeted With Best Job Market Since 1953

  • With graduation season just around the corner, millions of young adults are poised to join the workforce – and they’re in luck.
  • A new analysis from the Economic Policy Institute found the Class of 2023 is graduating into the best labor market for young workers since 1953.
  • The youth unemployment rate for workers between the ages 16 and 24 tumbled to 7.5% in March, according to the study. While that is nearly double the national rate of 3.4%, it also marks the lowest level in 70 years for the unemployed youth.

 

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