New college grads face a tougher job market
By J.J. McCorvey and Maya Huter This year’s new college graduates are heading into a tougher job market than last year’s — who had it worse off than the class before that — just as the Trump administration cracks down on student loan repayments. Recent grads’ unemployment rate was 5.8% as of March, up from 4.6% a year earlier, the Federal Reserve Bank of New York reported last week. The share of new graduates working jobs that don’t require their degrees — a situation known as “underemployment” — hit 41.2% in March, rising from 40.6% that same month in 2024. “Right now things are pretty frozen,” Allison