College Grads Losing Jobs in Recession

The unemployment rate for workers with college degrees rose to 3.8%, the highest level since records began in 1992, the Labor Department reported today.

This is still much lower than the national unemployment rate of 7.6%.

The rate for workers with some college or an associate’s degree also climbed to a record 6.2%.

The Labor Department says 45.2 million workers, or 30% of the civilian labor force, have at least a bachelor’s degree.