NY Fed: Recent High School Grads Face Better Job Market, As Recent College Grad Hiring Still Soft

The New York Fed is reporting that in 2024, wages for recent high school grads were up by nearly 9% while their counterpart recent college grad peers faced a job market offering positions that paid nearly 9% lower when compared to 2023.

The loss of earning capacity for recent college grads in 2024 hit especially hard considering the protracted effects of elevated inflation that stretched into its fourth full year. Meanwhile, recent high school graduates saw their net pay rise by nearly 9%.

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