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Podcast: Plain English with Derek Thompson
Episode: The Job Market for Young Grads Is Flashing Red
Description: Last month, the unemployment rate for recent college grads surged to nearly 6 percent. Compared to the overall economy's jobless rate, the unemployment rate for recent grads is higher now than in any month on record, going back at least four decades. Business school grads are struggling, too. Last year, The Wall Street Journal reported that elite MBA programs saw that their most recent classes had "worse job-placement outcomes last year than any other in recent memory."
What’s going on? Today’s guest is David Deming, an economist at Harvard who studies education and the future of work...