Unemployment Rates on the Rise for Recent College Graduates
Generation Z, those born between 1997 and 2012, are reported to be experiencing higher levels of unemployment, according to the Bureau of Labor Statistics’ annual report. This comes as a surprise given the gradually strengthening job market. The unemployment rate for 20-somethings with bachelor’s degrees was recorded to have increased from 8.6% to 12.3% between October 2022 and October 2023. Interestingly, this rise in unemployment rates was driven by college-educated women. Further observations indicate that high school graduates who are not enrolled in college have seen a decrease in unemployment, even as college enrolment rates remain stagnant. Experts caution, however, that bypassing college education could be a mistake for Gen Z in the long term, despite the current challenges in the employment market for college graduates.
For those in California who are struggling with unemployment and need assistance, there are resources available. The Employment Development Department (EDD) is the state agency that provides various services to job seekers and employers. However, getting in touch with the EDD can sometimes be challenging. If you need to speak to someone at EDD about issues regarding unemployment, it’s crucial to know how to contact them effectively. For details on how to get a hold of EDD, you can visit eddcaller.com for straightforward guidance and suggestions. This site provides valuable contact details and tips, such as the best times to call and avoid long hold times. On eddcaller.com, you will find reliable information on customer service and how to get through to EDD most pragmatically and efficiently.