By Watson Scott Swail, President & CEO, Educational Policy Institute/EPI International
Tony Carnevale, Ban Cheah, and Jeff Strohl’s new publication: HardTimes: College Majors, Unemployment and Earnings, states that unemployment for new BA graduates is “an unacceptable 8.9 percent,” acknowledging that it is an even worse 22.9 percent for recent high school graduates. Their publication showcases the reality that different BA degrees have different unemployment rates, with Architecture among the worst (13.9 percent) and Law and Public Policy among the best (8.1) percent.
But why the high (relatively) unemployment rates for recent graduates?
Here are my four non-empirical suggestions (because I don’t have the data just yet, but will for my upcoming book on this subject):