By Emily Jane Fox @emilyjanefox March 31, 2014: 7:06 AM ET
If you thought paying tens of thousands of dollars for a college education guaranteed a high-paying job, think again.
About 260,000 people who had a college or professional degree made at or below the federal minimum wage of $7.25 per hour last year, according to the Bureau of Labor Statistics.
Things may be looking up a little, though — it’s the smallest number since 2008. The worst year was 2010, when the number skyrocketed to 327,000.
Despite the recent improvement, the number of workers with college degrees is still more than double what it was in 2005, prior to the Great Recession.
While an improving economy might play a role in graduates snagging better-paying jobs, other less-encouraging factors might also be at play.