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The depressing reason the Class of 2019 is not doing as well as the Class of 2000

Many college graduates in the class of 2019 are facing job prospects their older brothers and sisters could only dream of.

Take Joe Caraccio, who is graduating from the University of New Hampshire this month with a degree in computer engineering. Prospective employers sought out the 22-year-old on LinkedIn in the summer before his senior year. By October, he’d already lined up a gig at a company that makes commercial and defense electronic systems.

Caraccio likely benefited from the experience of graduating in an economy that’s the best for young college graduates it’s been in years. The unemployment rate for college graduates between ages 21 and 24 is 5.1%, as of March 2019, according to a report released Tuesday by the Economic Policy Institute, a labor-focused think tank.

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