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

Goal Setting

Want to succeed? Then you need goals!

View Course »

Intro to different retirement accounts

What does it mean to have a 401(k)? IRA?

View Course »

Add a Comment

*0 / 3000 Character Maximum