NY FED: Recent College Graduates Finding Jobs About As Fast As Previous Two Decades

With recent grads in aerospace, chemical, or other types of engineering leading the earnings chart both at the start of a career and well into the intermediate and middle stages of working life, the New York Federal Reserve Bank found that recent college grads are able to find meaningful jobs at about the same rate as their counterparts over the last several decades.

As the federal government will again be requiring student loan payments to be made, another New York Federal Reserve Statistic showed early career college grads out earning those just starting a career with a High School diploma by nearly one-third or $20,000 per average.

While that gap of $20,000 is pronounced, the gap between earning capacity for majors is even more pronounced at midcareer with Anthropology majors making 44% less on average than aerospace engineers according to NY Fed research.

While the earning gap between college graduates and high school diploma holders is pronounced, when measured against a college student loan amount of anywhere between the national average of $38,500, the $54,470 average for Washington DC student loan holders or substantially more than that, the advantage for college graduates in earning shrinks especially in the earliest portion of a career.

The Association of Western Employers is dedicated to using its large presence on media platforms to spotlight the challenges that young workers face in building their careers. Check back here for more research and news!