Amid the COVID-19 pandemic and the lockdown-induced recession, roughly 50% of college students who earned their degrees in 2020 failed to find a job within six months of graduation.
An analysis from the National Association of Colleges and Employers found that 2020 graduates had significantly lower job market success than their peers who matriculated in 2019.
<a href="https://www.cnbc.com/2021/12/10/50percent-of-the-class-of-2020-got-full-time-jobs-6-months-after-graduation.html">CNBC</a> summarized:
<blockquote>The National Association of Colleges and Employers (NACE) recently analyzed the outcomes for 563,000 bachelor’s graduates across 337 colleges and universities and found that only 50.2% of the class of 2020 had full-time jobs with a traditional employer (meaning they are not working as a freelancer or entrepreneur) within six months of graduation. In comparison, 55.3% of the class of 2019 graduates were employed within the same time frame.
Students who attended colleges with fewer than 2,000 students tended to do better after graduation. Closer to 62% of these students had full-time positions after six months. </blockquote>
As CNBC also noted, Bureau of Labor Statistics data from January 2020 to October 2020 reveal that graduates entering the job market during last year’s recession saw a bigger decline in labor force participation than those who graduated during the financial crisis.
The disappointing job market results occurred as college enrollment rates began to drop precipitously. According to the National Student Clearinghouse Research Center, 7.8% fewer students are now <a href="https://www.dailywire.com/news/undergraduate-enrollment-has-dropped-by-nearly-8-in-two-years">participating</a> in undergraduate programs:
<blockquote>Roughly two months into the second fall semester of the pandemic, postsecondary enrollment is now running 2.6 percent below last year’s level, for a total 5.8 percent drop since 2019. Undergraduate enrollment declined 3.5 percent from last fall or 7.8 percent from fall 2019. Graduate enrollment grew 2.1 percent, maintaining the upward trend from last fall (+2.7%), for a total 4.9 percent growth since 2019.
Undergraduate enrollment continued to trend downward across all sectors, with the steepest drops in the private for-profit four-year and public two-year institutions. Undergraduate female students declined slightly more than males (-4.1% and -3.4%, respectively). Continued enrollment losses among traditional college-age students (18-24) remain concerning (-2.6% for 18-20 and -3.3% for 21-24).</blockquote>
Though labor market prospects for American workers have since improved, American employers are still struggling to fill positions. The Department of Labor’s most recent Job Openings and Labor Turnover Survey (JOLTS) <a href="https://www.dailywire.com/news/there-are-now-3-6-million-more-jobs-than-people-willing-to-take-them">shows</a> that there are over 11 million job openings in the United States, a figure exceeding the number of people actively searching for work by 3.6 million.
As the American labor market continues to tighten, major restaurant chains now <a href="https://www.dailywire.com/news/major-restaurant-chains-hike-prices-due-to-worker-shortages">identify</a> staffing challenges as a primary threat to their businesses. CNBC reported:
<blockquote>Restaurant executives have painted a bleak picture of staffing challenges to investors on their earnings calls in the last two weeks. CEOs like Domino’s Pizza’s Ritch Allison, Chipotle Mexican Grill’s Brian Niccol and McDonald’s Chris Kempczinski shared details on how eateries have shortened hours, restricted ordering methods and lost out on sales because they can’t find enough workers. Some chains have been hit harder by the labor crunch, like Restaurant Brands International’s Popeyes, which saw about 40% of its dining rooms closed due to understaffing…
Raising wages is one popular approach to staffing problems, although it isn’t a perfect solution. McDonald’s wages at its franchised restaurants have risen roughly 10% so far this year as part of an effort to attract workers. Higher labor costs have led to increased menu prices, which are up about 6% from a year ago, according to McDonald’s executives.</blockquote>
Roughly 39% of respondents in a recent Conference Board report <a href="https://www.dailywire.com/news/major-companies-raise-wages-to-keep-up-with-inflation">affirmed</a> that rising price levels are a motivating factor for their wage hikes. However, higher nominal pay does not necessarily <a href="https://www.dailywire.com/news/americans-inflation-adjusted-wages-continue-to-decline">correspond</a> to higher living standards; since President Joe Biden took office, Americans’ inflation-adjusted wages have been on the decline.

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Only Half Of 2020 College Graduates Had Jobs Within Six Months Of Entering Job Market

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News and Commentary

COVID

Economy

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Menu

— News and Commentary —

Only Half Of 2020 College Graduates Had Jobs Within Six Months Of Entering Job Market