Besides all that, I'd add that the unemployment rate is an aggregate measure. There's no guarantee that the unemployment rate for arbitrary subsets of the popul

Besides all that, I'd add that the unemployment rate is an aggregate measure. There's no guarantee that the unemployment rate for arbitrary subsets of the population (e.g. college graduates) is the same as the aggregate unemployment rate defined over the whole population. So, supposing that college educated workers actually were more likely to be unemployed than the average worker (they aren't), looking at the national unemployment rate would be just ... looking at the wrong place. But here's a "nice" graph (the graph is nice, but the trend is worrying): https://fred.stlouisfed.org/series/LNS11327662 https://fred.stlouisfed.org/series/LNS11327662. Labor force participation for college educated workers fell by 3.9 percent points since 2009. This is rather massive compared with the actual unemployment. I really wish the people at statistics offices would come up with some new measure of unemployment. Sometimes I feel a scalar doesn't cut it.