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: