For those without a degree, the job market looks pretty good

When we talk about the labor market, we often use big-picture data. Like, what’s the national unemployment rate? How many new jobs were added to the economy last month?

But the labor market is not a monolith. Its made up of all different sorts of people, with varying occupations and levels of education.

And it turns out, right now, those without a college degree are having a historically good year.

Gad Levanon is the chief economist at The Burning Glass Institute. He wrote on his Substack, Labor Matters, about why those without bachelor’s degrees are having a better year than new grads. “Marketplace” host Kai Ryssdal spoke to Levanon about this trend.

Click the audio player below the headline to listen to their conversation.