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In 2014, university graduates from the U.S. were often unable to find a job requiring a degree; 44% could only find service jobs such as barista positions that do not require postsecondary education. [1] Underemployment is the underuse of a worker because their job does not use their skills, offers them too few hours, or leaves the worker idle. [2]
Those who don't and are deemed underemployed make about $20,000 less a year, and their wages are closer to those of a high school graduate rather than someone with a bachelor's degree.
According to statistics, the unemployment rate for recent college graduates has been higher than all college graduates in the past decade, implying that it has been more difficult for graduates to find a job in recent years. [3] [4] One year after graduation, the unemployment rate of 2007–2008 bachelor's degree recipients was 9%. [5]
The average in-state cost of tuition and fees to attend a ranked public college is nearly $10,662 this school year and $42,162 for a private university, U.S. News data shows. Those lofty prices ...
Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma.
Four Out of 10 Recent College Grads are Underemployed, New Accenture Research Finds Young workers want more training but employers disappoint NEW YORK--(BUSINESS WIRE)-- U.S. employers are ...
According to the New York Federal Reserve Bank, about one third of all college graduates are underemployed, meaning they're employed below the value of their degrees. [47] That distribution has remained largely unchanged for thirty years, although the chance of being underemployed in a good job has gone down 28.0% for recent hirings, and 20.6% ...
The underemployed college graduate with a liberal arts degree has almost become a sad cliché in the new economy. But what about a trained environmental scientist, with years of professional ...