College graduates are starting to feel the effects of the economic downturn, after being largely immune to rising unemployment.

The jobless rates for Americans who had at least a bachelor's degree hit 5.1% in November, the highest in 40 years, USA Today reported. In September, the rate was just 4.4%.

In total, there were 2.4 million unemployed people with a bachelor degree or higher.

"It's another signal that the labor market recovery remains moderate," says Dean Maki, chief U.S. economist for Barclays.

Unemployment is still much lower for the college-educated than for high-school graduates (10%) and those who don't have high school diplomas (15.7%).

Still, unemployment in the "management, business and financial" category rose to 5.5% in November, compared with 4.3% in Sept. It's now at the highest level since 2000, when records began.

Increase your money and finance knowledge from home

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Building Credit from Scratch

Start building credit...now.

View Course »

Add a Comment

*0 / 3000 Character Maximum