Numbers from the first quarter of 2025 from the New York Federal Reserve show that the unemployment rate for recent college graduates reached 5.8 percent, up from 4.8 percent in January. Companies have also pulled back on hiring. Last fall, employers expected to increase college-graduate hiring by 7.3 percent, according to a survey led by the National Association of Colleges and Employers. Now they’re projecting just a 0.6 percent increase, with about 11 percent of companies planning to hire fewer new grads than before.