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Sunday
Mar252012

Still a big shortage of jobs for college grads

The Great Recession officially ended as the college class of 2009 was graduating. Exactly two years later, real GDP was back to its pre-recession high, and the stock market indexes were above their pre-September 2008 crash levels. In stark contrast The New York Times Magazine interviewed 73% of those who graduated from Drexel University (a mid-tier liberal arts school) in June 2011 and reports that nearly half are not appropriately employed or in graduate school. The breakdown:

In graduate school           22%

Working full time             39% (includes jobs not requiring college)

Working part time            22% (includes jobs not requiring college)

Unemployed                    17%

The article also reports that only 5 of the 20 jobs projected by BLS to grow the fastest in the next decade require bachelor's degrees. Policy makers, you are failing. The necessary jobs aren't creating themselves. Fix it or get out of the way.

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