No one from there goes to FAANG, it’s not a prestigious enough school for that. But there is an endless demand in large companies like government contractors, banks, the small web dev shops, etc. that need programmers for 60k$ out of school.
The professors I knew openly told me and our classes how the system worked. And that the majority of individuals will not find a job. There are too many new graduates to new positions. Many of them were fellows and board members of the ACM. I was active in the student group and got to know these people and the outcomes. These guys often share results and data they collect privately with other researchers. And people are failing at an alarming scale. But you won't find those people on this site, and you wouldn't because of the main demographic of this forum.
School advertised job placement percentages do not care whether or not you got a job in your studied field. That's how they lie about such high percentages. As long as you entered the workforce, it's a success.
There are about 65k CS undergraduate degrees issued each year.
I don't think the BLS is double counting jobs. I believe they go to the companies for that info, not random job boards.