The 2008 "Great Recession" resulted in unemployment for young college graduates:

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The 2008 "Great Recession" had a significant impact on young college graduates, resulting in higher unemployment rates compared to middle-aged and older college graduates. According to a study by the Economic Policy Institute, the unemployment rate for young college graduates (ages 21-24) peaked at 8.5% in 2010, while for middle-aged college graduates (ages 35-44) it peaked at 5.5%. Additionally, young college graduates experienced a higher underemployment rate (meaning working in jobs that did not require a college degree or were part-time) than older college graduates during the recession.

The 2008 "Great Recession" Resulted in Unemployment for Young College