This year’s college graduates are entering a tougher job market than last year’s. The Federal Reserve reports that the unemployment rate for recent grads was 5.8% as of March, up from 4.6% a year ago. The share of new graduates working jobs that don’t require their degrees — a situation known as “underemployment” — hit 41.2% in March, rising from 40.6% that same month in 2024. Although young grads have lower unemployment rates than the broader labor market, The Atlantic points out that this gap has narrowed to a record low, making some newly minted grads question the benefits of a bachelor’s degree….