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The unemployment rate for recent graduates has improved in recent months, but it remains higher than the unemployment rate for all workers.

According to calculations by the Federal Reserve Bank of New York, the unemployment rate for recent graduates fell 0.5 percentage points to 4.8% in December—its lowest level in nearly two years. That's down from 5.3% in September. Meanwhile, overall unemployment for all workers remained steady at 4%.

The economy added more jobs overall in December than expected , the most in any single month since March.

Unemployment rates for all workers improved in the wake of the pandemic, but as employers began to pull back on hiring, younger workers were typically affected the most as they had yet to enter the workforce.

The labor market is stagnant , with employers not hiring but also not firing workers. This leaves little room for fresh graduates to enter the job market and can make entry-level positions elusive.

Of all college graduates, those who majored in anthropology, physics, and computer engineering have the highest unemployment rate. Meanwhile, nutrition sciences, construction services, and animal and plant sciences have the lowest unemployment rates.

Read the original article on Investopedia