Friday, March 29, 2013

50% of 2012 College Grads Unemployed or Underemployed

Class of 2012: What Percentage of Recent College Graduates Are Unemployed or Underemployed?

An article in the HuffPost today disclosed that 50% of all recent college graduates are unemployed or underemployed (i.e. working in jobs that they couldf have gotten without their college degree). 

From HuffPost:

Hang in there, Kids!
While there's strong demand in science, education and health fields, arts and humanities flounder. Median wages for those with bachelor's degrees are down from 2000, hit by technological changes that are eliminating midlevel jobs such as bank tellers. Most future job openings are projected to be in lower-skilled positions such as home health aides, who can provide personalized attention as the U.S. population ages.
Taking underemployment into consideration, the job prospects for bachelor's degree holders fell last year to the lowest level in more than a decade.

Another recent report found that more than 250,000 recent college graduates are working in minimum wage jobs.  Not good.

As a father of one recent college grad (who is underemployed), and one soon to be a 5th year senior (maybe not the worst thing in the world), I surely hope that this trend turns soon....

UPDATE:  A recent report states that 15 of the World's best companies currently have more than 25,000 quality jobs posted on-line

John A. Gallagher is an employment lawyer who represents employees in Pennsylvania.

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