A 2024 Strada/Burning Glass report — cited by the St. Louis Fed — found that 52% of new college graduates start out underemployed.

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Factcheck: Yes, a 2025 St. Louis Fed post cites a 2024 report showing 52% of graduates underemployed initially. However, New York Fed’s latest data indicates 41.8% for recent grads (22-27) in Q3 2025. Rates vary by definition and time.

 

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