Colorado: Graduates’ skills don’t match jobs

Four-year college graduates’ skills don’t match available jobs, complained employers in Fort Collins, Colorado. A local liquor company employs three people with masters’ degrees, including a beer stocker with a physics degree.

A college degree is a valuable investment, but the first four to five years after college are “tougher than they’ve ever been,” said Martin Shields, a Colorado State economics professor.

In Massachusetts, community colleges are working with employers to design job training programs in high-demand fields.

Too many college graduates?

A growing number of college graduates are underemployed, concludes a new study. Nearly half of employed college graduates are in jobs that don’t require a four-year degree, according to the Bureau of Labor Statistics.

China invests in college

China is spending $250 billion a year to send tens of millions of young people to community colleges and universities. China has quadrupled the number of college graduates in the last decade.

Thirty states will boost higher education spending this year, but overall state higher ed spending is down 0.4 percent after sliding nearly 11 percent in five years.

1/3 of young Americans hold college degrees

One-third of the nation’s 25- to 29-year-olds have completed at least a bachelor’s degree, accordin to a Pew study. That’s a new high. Sixty-three percent have completed at least “some” college. And 90 percent have a high school diploma or GED.

With fewer job prospects, young adults are staying in school, Pew reports. In addition, many more people believe a college education is necessary to get ahead in life. In a 2010 Gallup poll, 75 percent said a college education is “very important,”up from 36 percent In 1978.

However, the U.S. higher education system is no longer the best in the world, according to a 2011 Pew survey of college presidents.  ”College presidents are concerned about the quality, preparedness and study habits of today’s college students,” Pew reports. Fifty-two percent say college students today study less than their predecessors did a decade ago; just 7 percent say they study more.



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With no degree, recession hits hard

The job market’s tough for new college graduates — and even tougher for would-be workers with only a high school diploma.

Jobless graduates

Here’s grim news for Labor Day: Only 64% of 2011 and 2012 graduates have a job of any kind and most working grads aren’t in jobs that require a degree, according to a survey by the Wall Street Journal‘s Market Watch.

College students are competing for jobs with older workers who haven’t been able to move up or afford to retire.

Another survey out of Rutgers found that about half of college graduates are finding themselves working in a job that doesn’t require any of the skills they obtained in the course of their studies. Only 1/5th actually managed to get that fit their major in a relevant way. Most find themselves in a paid position that wouldn’t have required a four-year degree to obtain, causing some survey takers to think that the the time and money invested in the higher education might have been a waste.

Via Education News.

College graduates should not have to live out their 20s in their childhood bedrooms, staring up at fading Obama posters and wondering when they can move out and get going with life,” Paul Ryan said in accepting the Republican vice presidential nomination.

Already a GOP PAC has an ad up:


The higher ed bubble

How many college borrowers are “underwater” on their student loans?

“Part of the American dream is that if you work hard, and you get an education and you apply yourself, you’ll be successful,”  a Rutgers researcher tells NPR. A third of young college graduates don’t believe this any more.

Job outlook for new grads

Employers plan to hire more new college graduates than they did last year. Finance, accounting and computer and information science majors are in the most demand.

Things have changed

Median salaries have more than doubled in real dollars since 1940 and the percentage of college graduates has gone from 5 percent of adults to 28 percent.