occupyallstreets: Half Of Recent College Graduates Are Jobless Or Underemployed The disappearance of mid-level jobs during the Great Recession, along with overall high unemployment, have made it hard for recent college graduates to find good jobs upon leaving school. More than 50 percent of college graduates under age 25 are either jobless or underemployed, according to an analysis from Drexel University and the Economic Policy Institute: 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. Recent graduates are struggling to find mid- and high-level jobs upon graduating and are increasingly turning to jobs in restaurants and retail. As a result, median wages have dropped. The high jobless and underemployment rate could have long-term consequences for the American economy. Total student loan debt surpassed $1 trillion this year, and the rate of delinquency on those loans is already disturbingly high. Though college graduates earn significantly more than workers with only a high school diploma, the inability of college graduates to find adequate employment could drive those delinquencies even higher. Worse yet, it could plague more workers with life-long debt, preventing them from forming new households or purchasing more consumer goods. Source
Pop-upView Separately

occupyallstreets:

Half Of Recent College Graduates Are Jobless Or Underemployed

The disappearance of mid-level jobs during the Great Recession, along with overall high unemployment, have made it hard for recent college graduates to find good jobs upon leaving school. More than 50 percent of college graduates under age 25 are either jobless or underemployed, according to an analysis from Drexel University and the Economic Policy Institute:

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.

Recent graduates are struggling to find mid- and high-level jobs upon graduating and are increasingly turning to jobs in restaurants and retail. As a result, median wages have dropped.

The high jobless and underemployment rate could have long-term consequences for the American economy. Total student loan debt surpassed $1 trillion this year, and the rate of delinquency on those loans is already disturbingly high. Though college graduates earn significantly more than workers with only a high school diploma, the inability of college graduates to find adequate employment could drive those delinquencies even higher. Worse yet, it could plague more workers with life-long debt, preventing them from forming new households or purchasing more consumer goods.

Source

(via reagan-was-a-horrible-president)

Source: occupyallstreets

480 Notes/ Hide

  1. peace-after-revolution reblogged this from kresh962
  2. kresh962 reblogged this from blasianovr9000
  3. smdy reblogged this from anarcho-queer
  4. bananacupcakes reblogged this from sinidentidades
  5. nowherezone11 reblogged this from sinidentidades
  6. ibylis reblogged this from reagan-was-a-horrible-president
  7. hermosa-sirena reblogged this from reagan-was-a-horrible-president
  8. rafikitree reblogged this from queergiftedblack
  9. tellingsecretskeepinglies reblogged this from cupcakes-for-breakfast
  10. peches-et-les-fraises reblogged this from exposingthetruths
  11. ride--on--shooting--star reblogged this from oohhcomely and added:
    Great, does this mean I should just skip college
  12. thebluemaverick reblogged this from yeptea and added:
    Haha, I have a parent RIGHT NOW who says I should go out and look for ANOTHER job, even though getting and keeping the...
  13. leftistshuffle reblogged this from anarcho-queer
  14. exeuntomnes reblogged this from bauerpower
  15. bauerpower reblogged this from damegreywulf
  16. damegreywulf reblogged this from dunmercusswords
  17. s-r-a reblogged this from socialworky
  18. socialworky reblogged this from reagan-was-a-horrible-president
  19. yeptea reblogged this from ahandsomestark
  20. invisiblelad reblogged this from theravennest
  21. apileofgoodthings reblogged this from theravennest
  22. introspectivenavelgazer reblogged this from thereisnosaintellen
  23. thereisnosaintellen reblogged this from sinidentidades
  24. valiumpoetics reblogged this from stellagibsons
  25. stellagibsons reblogged this from ahandsomestark
  26. theravennest reblogged this from ahandsomestark and added:
    I’m one of the ones who is underemployed. I am immensely thankful that I have a job but I wish I could be doing...
  27. ahandsomestark reblogged this from ethiopienne
  28. the-skooma-cat reblogged this from anarcho-queer and added:
    And we still get told “just go get a damn job you bum!” My husband and I see this recession as a type of w. We’re just...
  29. cucumbersdontfly reblogged this from reagan-was-a-horrible-president