7.1 vs 5.8, not sure that is a ridiculous difference. Any stats on historic averages of new grad UE rates?
I thinge we push learn too rite to far, now computer do it
I think it depends on the alternative. Better to do CS than psychology but probably push CS too hard relative to other analytical / STEM pursuits
I don’t think we’ve seen the full effect of AI coding. It’s not great yet, and it may never be great. (aka “AGI”).
But it’s still improving very quickly, and just the improvements made this year, that is in the Spring-Summer of 2025, will change the industry,
Definitely reads like the headline is overblown.
“In its latest labor market report, the New York Federal Reserve found that recent CS grads are dealing with a whopping 6.1 precent unemployment rate. Those who majored in computer engineering — which is similar, if not more specialized — are faring even worse, with 7.5 percent of recent graduates remaining jobless. Comparatively, the New York Fed found, per 2023 Census data and employment statistics, that recent grads overall have only a 5.8 percent unemployment rate.”
It may only take a couple of bridging courses for the computer engineering graduates to put themselves in the CS pool. 6.1% vs 5.8% is definitely not a whopping difference.
This was interesting:
Highest unemployment rates: [this isn’t for new college grads, it seems]
Lowest unemployment rates:
Highest underemployment rates:
Lowest underemployment rates:
Footnote says the Un/Under rates are for ages 22-27:
Notes: Figures are for 2023. Unemployment and underemployment rates are for recent college graduates (that is, those aged 22 to 27 with a bachelor’s degree or higher), and median wages are for full-time workers with a bachelor’s degree only. Early career graduates are those aged 22 to 27, and mid-career graduates are those aged 35 to 45. Graduate degree share is based on the adult working-age population (that is, those aged 25 to 65) with a bachelor’s degree or higher. All figures exclude those currently enrolled in school. Data are updated annually at the beginning of each calendar year.
Ah, I obviously didn’t see that.
But it is interesting seeing the majors with high underemployment but low unemployment.
It is. So was share with graduate degree to me.