The inverse relationship between age and the unemployment
rate appears to hold across time, and occurs even during
peaks in the business cycle, as was the case in 1990 and 2000.
This pattern suggests that it is typical for young college graduates
to have relatively high unemployment rates, and that these
rates can be expected to decline as the graduates continue on
in the labor force. It takes time for recent college graduates to
settle into the labor market and find a job, and this has historically
tended to be the case.