As someone who went to University I don’t find this surprisingly at all. I think about 50% or so of all my friends and classmates are not even in the same profession.
Most degrees are useless and you won’t have a career out of it. You won’t get a job when you graduate from Arts or Sciences, maybe unless you want to teach.
All the other degrees like law, engineering, etc are very competitive to get actually hired. There are more spots for students then there are jobs.
Currently 1 job vacancy is up for grabs by 10 thousand job seekers, the competition is getting tougher every day. For this reason, graduates must be able to think even harder, if they don't get a job, they must be able to start their own business even though it requires a strong mentality and capital..
Also, if they can't find a job that suits their completed education, they can always look for jobs that they know they have the skills of. Because if you will stick to the degree that you have, I don't think you can easily get a job as you have so many competitors. And yes, if you have small capital, why not start your own business? Every business starts from somewhere. So even if it is small, that's fine. In time, you will get your own niche if you are resilient about your project. And as we are still not out of the woods in pandemic crisis, we should find a way how to survive, and sustain our basic needs.