Yellen to college grads: Best job market in nearly a decade

Federal Reserve Chair Janet Yellen said Monday that college graduates are entering the strongest job market the country has seen in nearly a decade, and their degree is more important than ever.

Yellen said that with changes in the job market such as technology and globalization, succeeding in the job market is increasingly tied to higher education.

"Those with a college degree are more likely to find a job, keep a job, have higher job satisfaction and earn a higher salary," Yellen said in remarks at commencement ceremonies at the University of Baltimore.

By Martin Crutsinger

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