The college class of 2019 is graduating into one of the best job markets in decades as a soon-to-be record economic expansion lowers unemployment, boosts wages and keeps employers hiring—if not competing—for workers.
It’s a welcome change for recent graduates, the Houston Chronicle reports, who have spent much of the decade since the last recession struggling to break into a labor market with far more workers than jobs.
Even graduates with social sciences or humanities degrees who are typically left behind in the job market have much better odds of getting hired than three or four years ago because the demand for labor is so great right now, says Paul Harrington, a professor who studies labor markets at Drexel University in Philadelphia.
“You have to go back to the 1990s or 2000s to find a labor market as strong for graduates,” Harrington says. “This will be the best year in a long time. There’s a lot of opportunity for every major.”
The U.S. economy has created jobs for 102 consecutive months, including more than 260,000 in April, and unemployment nationally sits at 3.6%, the lowest in a half-century. Among recent graduates, the unemployment rate nationally has slipped to 3.7% from its recent peak of 7.1% in 2011, according to the Federal Reserve Bank of New York. Read the full story.