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One-Quarter of New Grads Live at Home, Unemployment Hits 5.6%

8/3/2026

34 5 Full Breakdown

Summary

Story summary

One-quarter of U.S. graduates aged 23-27 lived with parents in 2023, matching pandemic levels.
Graduate unemployment rose to 5.6% in Q1 2024, with chemical-engineer rates doubling to 4.7% and computer-engineer rates tripling to 7.8% since 2022.
Albanesi, Gihleb and Zhang say scarce good jobs and high housing costs push degree holders to stay home more than a decade ago.

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Story summary

One-quarter of U.S. graduates aged 23-27 lived with parents in 2023, matching pandemic levels.
Graduate unemployment rose to 5.6% in Q1 2024, with chemical-engineer rates doubling to 4.7% and computer-engineer rates tripling to 7.8% since 2022.
Albanesi, Gihleb and Zhang say scarce good jobs and high housing costs push degree holders to stay home more than a decade ago.