It is a problem everywhere in the US it seems across all careers. But it isn't like recent college grads are taking all the jobs, recent college grads take up 40% of the unemployed in the U.S. Here is a great article about what this generation (my generation) is currently going through in the United States:
http://www.newsweek.com/2015/06/05/millennial-college-graduates-young-educated-jobless-335821.html I've been on the hunt all year and haven't found a new job where I can actually use my education, and many/most of my classmates are in the same position.
I will say that we really are getting close to some dangerous stuff in the US workplace...
Diminishing benefits, stagnant wages, the ever growing cost of higher education...people are dropping big $$ for a degree only to hit a dead job market. If they do get a job, it is often a low pay with no real benefits.
Being a Union Electrician...I often preach our path. 3 year apprenticeship, 3 years of classes (480 hrs class time, 4800 hrs field time) that are credited college credits. If you take a few classes after you graduate the apprenticeship, you actually get an associates degree.
Current Journeyman scale for our side is $29/hr + insurance + $6/hr into a pension. The $29/hr is take home pay, insurance and retirements is on top. A first year makes $14.50 and gets raises on hours worked.
Now...no sick days, no holidays, no vacation...if you aren't turning screws you do not get paid. On top of that, I tell all of the cubs that being a commercial electrician is like being a stripper, it is good $$ as long as you body holds out. There are no 55 year old field guys...or at least very few. You'd better have a plan B.
Long story short...class is free (save book, which is about $1500 over the 3 years) and you work while you're an apprentice. A 19 year old kid can be a journeyman at 22 and making over $50K/yr + benefits.
It's not perfect...but it's often better than going to college. Hell, I've taught apprenticeship classes for 5 years now (just stated my 6th), I've had 4 guys with 4-year degrees go through my class.