BOSTON —

Young college graduates may be losing a key labor-market advantage over competitors entering the job market after high school, and employer forecasts predict one of the worst job markets in years for graduates, according to new research.

An analysis published this week by the Federal Reserve Bank of Cleveland reports "signs of diminished prospects for young college graduates."

"Recently, the job-finding rate for young college-educated workers has declined to be roughly in line with the rate for young high-school-educated workers, indicating that a long period of relatively easier job-finding prospects for college grads has ended," the Fed research analysts wrote.

Meanwhile, survey results published by the National Association of Colleges and Employers earlier this month in

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