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by bux93 385 days ago
The source is here https://www.newyorkfed.org/research/college-labor-market#--:...

I don't read too much into the fact that unemployment for nutrition science is at 0.4% - that doesn't mean those people are all working as nutritionists or even in a job that requires a degree. You can see this clearly in the underemployment rate which is 45%+.

Likewise, the top unemployment rate (9.4%) of those with an anthropology major probably doesn't mean all those people are living under a bridge - a fair number of them will be pretty well off, living off their parents and knew going in that their field doesn't hire millions.

So what to make of IT grads having high unemployment rates (but low underemployment rates! bottom 5 in those)? I feel some more on-the-ground reporting is needed.

The quotes from randos reacting in this article don't really help. "Every kid with a laptop thinks they're the next Zuckerberg, but most can't debug their way out of a paper bag," because debugging (like Zuck!) is computer science, apparently.

1 comments

> So what to make of IT grads having high unemployment rates (but low underemployment rates! bottom 5 in those)?

That's a very important observation. It's much better to be in a field with a 6% unemployment rate than a 60% underemployment rate (like criminal justice, performing arts, and, surprisingly, medical technicians).