Thursday, June 27, 2013

The Sad Job Market for Recent College Grads

The unemployment rate for 22-year-olds jumped from 4.5% in 2000 to 10.3% in the 2009 — 2011 period, according to a presentation Thursday by researchers at the Federal Reserve Bank of New York.

Even worse are the number of recent graduates who have jobs that don’t require a degree, such as a salesperson in a retail store, a food server or even an electrician. In 2001 the underemployment rate fell to as low at 35%, but last year it rose to 44%.

(Via WSJ)

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