According to the Wall Street Journal, at least:

The bad news for this spring’s college graduates is that they’re entering the toughest labor market in at least 25 years.

The worse news: Even those who land jobs will likely suffer lower wages for a decade or more compared to those lucky enough to graduate in better times, studies show.

Fortunately, as a history major trying to make it in the words business, “suffering lower wages” has always been a given.