But before we get to the government's thawing process, let's look at the macro picture, the private sector.
Because if corporate America is freezing you out, we need to know why.
We really need to look at the numbers the grind hotline laid out.
Yeah, walk us through those because they are staggering.
They really are.
They reveal an inverted labor market that is highly unusual.
Right now, the unemployment rate for recent college graduates, so that 22 to 27 age bracket, has climbed to roughly 5.6 to 5.7 percent.
Which doesn't sound terrible until you compare it to the national average.
Right.
To put that in context, the overall national unemployment rate is holding steady around 4.2 to 4.3 percent.
So we have this weird situation where holding a brand new degree actually correlates with a higher rate of unemployment than the general workforce average.
That just totally defies the traditional economic logic we were all sold, right? That higher education immediately secures your place in the market.
Exactly.
But honestly, the headline unemployment rate only tells a fraction of the story.
Because unemployment doesn't account for the people who just took a random job to pay the rent, right? The underemployment factor.
That is the silent crisis right there.
Yeah.
Nearly 43% of employed recent graduates are currently underemployed.
Forty three percent.
That is nuts.
I know.
It means out of the new grads who actually secured a paycheck, almost half are working in roles that do not require their four year degree at all.
They aren't utilizing their analytical skills.
They're working in retail or food service or basic admin roles.
Yeah.
But before we get to the government's thawing process, let's look at the macro picture, the private sector.
Because if corporate America is freezing you out, we need to know why.
We really need to look at the numbers the grind hotline laid out.
Yeah, walk us through those because they are staggering.
They really are.
They reveal an inverted labor market that is highly unusual.
Right now, the unemployment rate for recent college graduates, so that 22 to 27 age bracket, has climbed to roughly 5.6 to 5.7 percent.
Which doesn't sound terrible until you compare it to the national average.
Right.
To put that in context, the overall national unemployment rate is holding steady around 4.2 to 4.3 percent.
So we have this weird situation where holding a brand new degree actually correlates with a higher rate of unemployment than the general workforce average.
That just totally defies the traditional economic logic we were all sold, right? That higher education immediately secures your place in the market.
Exactly.
But honestly, the headline unemployment rate only tells a fraction of the story.
Because unemployment doesn't account for the people who just took a random job to pay the rent, right? The underemployment factor.
That is the silent crisis right there.
Yeah.
Nearly 43% of employed recent graduates are currently underemployed.
Forty three percent.
That is nuts.
I know.
It means out of the new grads who actually secured a paycheck, almost half are working in roles that do not require their four year degree at all.
They aren't utilizing their analytical skills.
They're working in retail or food service or basic admin roles.
Yeah.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.