With graduation season just around the corner, millions of young adults are poised to join the workforce – and they’re in luck.
A new analysis from the Economic Policy Institute found the Class of 2023 is graduating into the best labor market for young workers since 1953.
The youth unemployment rate for workers between the ages 16 and 24 tumbled to 7.5% in March, according to the study. While that is nearly double the national rate of 3.4%, it also marks the lowest level in 70 years for the unemployed youth.