"Dear Class of 2014: We regret to inform you that the nation's job market continues to force college graduates to take jobs they're overqualified for, jobs outside their major, and generally delay their career to the detriment of at least a decade's worth of unearned wages.
Good luck on your continued job search.
A job rejection letter to this year's graduates, who are now supposed to be starting their first truly independent adult years, might as well go something like that.
The latest jobs report for April gave grads a puzzling picture.
Employers added the most jobs in more than two years, 288,000.Unemployment dropped from 6.7% to 6.3%, the first time it was that low since September 2008.
Young adults still face higher unemployment, but the rate for 25-29 year-olds fell from 7.5% in March to 6.9%.
The unemployment rate for those 20-24 dropped from 12.2% to 10.6%.
Still, the portion of Americans 25-34 who were working in April fell to a five-month low of 75.5%, down from 75.9% in March.
"The entire drop (in unemployment) was due to people dropping out of the labor force, in particular young people," says Heidi Shierholz, a labor market economist who writes an annual report on the state of employment for young adults for Economic Policy Institute.
And despite the number of jobs added last month, Shierholz calls the gradual improvement "agonizingly slow.""
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