>I think the numbers you are arguing with here are for all employees, not just fresh graduates.
If you click through to new york fed's website, the unemployment figures are 4.8% for "recent college graduates (aged 22-27)", 2.7% for all college graduates, and 4.0% for all workers. That's elevated, but hardly "wiping out".
If you click through to new york fed's website, the unemployment figures are 4.8% for "recent college graduates (aged 22-27)", 2.7% for all college graduates, and 4.0% for all workers. That's elevated, but hardly "wiping out".