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At the end of the day, we are still in the hole and we are still in a pandemic, said Nicole Smith, chief economist at the Georgetown University Center on Education and the Workforce. Meanwhile, younger workers are lagging behind. The overall unemployment rate for March was 6%, but 20- to 24-years old are facing a 10.3% unemployment rate. The 2020 grads aren t eligible for unemployment benefits, although those who worked part-time may have qualified through the Pandemic Unemployment Assistance program, created by the CARES Act. Benefits through that federal program have been extended through Labor Day. The weak outlook has led many to take a job out of desperation, with 73% of recent or pending graduates saying they ve done so, according to Monster s survey, which was conducted with Wakefield Research. It polled 1,000 U.S. adults ages 18-24 who are recent or upcoming grads, and 500 U.S. adults ages 18-24 who are non-graduates, between March 16 and March 26, 2021.

United statesVicki salemiKylie mastricolaNicole smithMoravian collegeGeorgetown university center on educationNational association of collegesCongressional budget officeWakefield researchGeorgetown university centerPandemic unemployment assistanceNational associationஒன்றுபட்டது மாநிலங்களில்நிக்கோல் ஸ்மித்மொராவியன் கல்லூரிஜார்ஜ்டவுன் பல்கலைக்கழகம் மையம் ஆன் கல்வி