Grumpy Graduates

15.6% of high school graduates do nothing. While down from the 2/14 peak of 16.9%, it’s substantially above the previous recession high of 14.8% set in 2003/2004. For whites, the current rate of 13.7% is higher than any time prior to 2009. For Hispanics, the 17% rate is close to the lowest level ever, while for blacks the 21.2% rate is down impressively from 31% during the recession before last.