This year’s high school graduates were 10 years old when the economy hit the skids in 2008. Many college graduates in the class of 2016 were 14. Yet, their economic prospects remain darkened by the enduring effects of the Great Recession.

That is not to say there has been no improvement. The class of ’16 has more and better-paying job opportunities than earlier post-crash graduating classes, according to a new report from the Economic Policy Institute. But for the most part, today’s graduates still face employment conditions that are worse than in 2007, the year before the recession, and are much worse than in 2000, when the economy was last at full employment.

The recent unemployment rate for college graduates ages 21 to 24 was 5.5 percent, compared with 4.3 percent in 2000. Their underemployment rate — which includes the unemployed, those who have briefly left the work force and those stuck in part-time jobs — was recently 12.3 percent, compared with 7.1 percent in 2000. And in 2015, nearly 45 percent of college graduates ages 22 to 27 were in jobs that did not require a college degree, compared with 38 percent in 2000. Over the same period, student debt has soared, which means that many of today’s graduates are trying to pay off more debt with less secure jobs.

The situation for new high school graduates is far bleaker, in part because many lower-wage jobs are being filled by college graduates. Among high school graduates ages 17 to 20, unemployment is nearly 18 percent, compared with 12 percent in 2000. One in three are underemployed, compared with roughly one in five in 2000.