Job Market for College Grads

This is an outstanding cartoon that infers that the current job market is really a battle.  But is it?

The table below is taken from the Bureau of Labor Statistics. (Table A-4)

The table shows that the unemployment rate for college grads with a B. A. is 4%.  The unemployment rate for high school dropouts is 12.5%, high school grads, 7.9%, and college students earning an A. A. is 7.6%.  The unemployment rate for the economy is 8.1%.  It appears that getting a job with a college degree is an advantage.  Unfortunately, the BLS stats don't tell you what kind of jobs the grads are getting upon graduation.  Now that might be scary.