55% of college grads from 2007-2011 are still looking for full time work.

Posted: July 11, 2011 in News, Opinion
Tags: ,

Here’s a fact that should give economists—and maybe President Obama’s political team—heartburn: Two years after the Great Recession officially ended, job prospects for young Americans remain historically grim. More than 17 percent of 16-to-24-year-olds who are looking for work can’t find a job, a rate that is close to a 30-year high. The employment-to-population ratio for that demographic—the percentage of young people who are working—has plunged to 45 percent. That’s the lowest level since the Labor Department began tracking the data in 1948. Taken together, the numbers suggest that the U.S. job market is struggling mightily to bring its next generation of workers into the fold.

Full Article Here –> The Glum and the Restless: How recent grads’ struggles could hurt Obama

More than three-quarters say that, given the current state of the economy, they have delayed or will delay buying a home, paying down student debt, obtaining more education, saving for retirement, changing jobs or cities, getting married, or making some other major life decision. 

 

Comments
  1. NoWonder says:

    this is obama’s fault. All you democrats and college students should’ve known better when u elected him.

    – Im a recent college grad (economics) from top university working internship because of u liberal diseased college students and immigrants.

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