A majority of college graduates 25 and under are working in jobs that don’t require a college degree — if they’re working at all — concludes a survey by the Center for Labor Market Studies at Northeastern University. From McClatchy News:
”I’ve never seen it this low and we’ve been analyzing this stuff for over 20 years,” said center director Andrew Sum.
Only about a third of Asian female graduates and black and Hispanic male graduates are in jobs that require a degree. Except for Asian males, who have the highest college-level employment rate, women are more likely to be in college-level jobs than men. (I have no clue why the spread is so wide between Asian males and females. More technical degrees for the guys?)
It’s not going to get any better any time soon.
Employers expect to hire 22 percent fewer graduating seniors for entry-level positions this year than in 2008, according to a recent survey by the National Association of Colleges and Employers.
The story includes a young man with a political science degree from Western Michigan who’s applied for the same bank teller job he had before college and a young woman with a Penn State journalism degree, an unpaid internship and hopes of paid employment. And if that doesn’t work, she can try the buggy-whip industry.
In depressed Dayton, the high-paying factory jobs have vanished, reports the New York Times. “Recession’s children,” high school grads who want steady jobs, are considering college or the military.
Going to community college to learn vocational skills is a good bet for young people who lack academic interests. The 20-year-old with the medical technology certificate is going to trump the 22-year-old with the degree in journalism or political science — and a pile of loans to pay off.