Friday, September 29, 2023

Is America running out of college educated employees to hire?

college-graduationMaybe that college degree will pay off after all.

Last month, the unemployment rate of workers who hold a bachelor’s degree or higher sank to 2.8 percent, its lowest level since September 2008. That compares with a jobless rate of 5.7 percent for the overall population.

That could mean the U.S. isn’t far from a position that would have been crazy-talk not too long ago—running out of those types of people to employ, according to Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott in Philadelphia.

Read more here.


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