Unemployment Rate for College Grads at 1.8 Percent
The U.S. Department of Labor just reported that employers added 180,000 jobs to payrolls last month, up from 113,000 in February. Economists had predicted a gain of 120,000 to 135,000 so the 180,000 kind of knocked the cover off the ball.
The national unemployment rate dropped 0.1 percent to 4.4 percent -- the lowest since October 2006. The consensus of the economists was an unemployment rate of 4.6 percent. The last time the unemployment rate was this low was May 2001, which was just before the labor market tanked. If you're thinking that 4.4 percent is therefore pretty great news for job seekers, and it is, then consider this: the unemployment rate for college graduates is down to 1.8 percent.
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