GOLDMAN: College-Educated Americans Are More Unemployed Than You Think

It's no secret that the unemployment rate for those with college degrees is much lower than the rate for those without.  And the fluctuations in the their respective unemployment rates have been very similar for as long as we can remember.
However, comparing the unemployment rates alone ignores some significant deterioration in the dynamics of the college-educated population.
Goldman Sachs economist Jan Hatzius examines this in a brief note to clients.
First, here's a look at the unemployment rates for college grads and those who didn't make it out of high school.  No surprises here:

Goldman Sachs

One worrying trend in the labor market has been the drop in the labor force participation rate.  Intuitively, one might think that the labor force participation rate would fall more for the those with less education due to lack of skills (i.e. the skills mismatch issue). However, this assumption is just wrong.