Almeisan said:
Be sure to compare it with other degrees. It may be that recently graduated just end up a lot with part-time jobs, for whatever reason.
One thing that does make me wonder is that some of the recommendations from the APS for keeping the physics major up to date for the job market echoes what ModusPwnd has been saying, eg. second majors or dual degress
From
https://www.aip.org/statistics/reports/equipping-physics-majors
What faculty members can do:
Assess the common paths of your physics alumni and the interests of your students (and the students who quit the program) and consider whether it makes sense to expand your offerings. The possibilities are broad and could include both informal and formal changes, but here are some examples:
o Actively encourage physics students to complete minors or second majors in line with their interests and ambitions, including in fields like economics, business, biology, journalism, education, and computer science.
o Informally or formally incorporate concentrations or areas of specialization within the majors, e.g., physics education or biophysics.
o Develop multiple physics degree programs to address students interested in attending graduate school, going right into the workforce (e.g., a professional physics degree), or going into a related field (e.g., an engineering physics degree). These might include a common set of classes but diverge when it comes to upperlevel requirements.
o Establish a dual-degree program, such as a physics–engineering 3-2 program where upon completion students earn a physics degree from one school and an engineering degree from a partner school.
o Provide physics majors with access to certificate or other training programs in specialized software packages that are valued by employers (e.g., LabVIEW), or in specialized equipment.
o Identify potential partner departments on your campus (e.g., medicine, business, education) and work with them to develop interdisciplinary courses of study that combine aspects of the disciplines.
o Consider ways to address physics career options directly through seminar classes or other departmental activities.