Well, this can't be helpful in the goal of paying off student debt.
New data from the Federal Reserve indicates that the jobless rate for Gen Z men has nothing to do with whether or not you get that four-year degree.
Fortune puts it in very stark terms:
Gen Z is increasingly slamming their degrees as useless, and new research indicates there may be some truth when it comes to the job hunt. In fact, the unemployment rate of males aged 22 to 27 is roughly the same, whether or not they hold a degree. It comes as employers drop degree requirements and young men ditch corporate jobs for skilled trades.
I mean ... Mike Rowe tried to warn you. Dave Ramsey told you to pay cash for your degree. But for the last century or more, getting that degree would at least make you more employable on the job market.
That's just not the case now.
The most recent data from the Federal Reserve indicates that the unemployment rate among recent college graduates is on the rise, at about 5.5%.
Although it remains lower than the 6.9% rate among all young workers between 22 and 27 years old, men with a college degree now have roughly the same unemployment rate as young men who didn't go to college, according to an analysis of U.S. Current Population Survey data by the Financial Times.
While the men who went to college are struggling, the women are still knocking it out of the park in girlboss central, largely thanks to nursing programs.
While 7% of college-educated American men are unemployed, for women this drops to around 4%, according to the Financial Times analysis, and the growth in fields like healthcare are likely to credit.
Over the next decade, healthcare occupations are projected to grow much faster than the rate for all occupations, translating to about 1.9 million openings each year — according to the U.S. Bureau of Labor Statistics.
It's safe to say opinions on college are shifting rapidly.
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