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This is not a short-lived problem for college graduates, as the report indicated that those who start their careers underemployed are 3.5 times more likely to remain underemployed a decade later.
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]
That can also occur with individuals who are being discriminated against, lack appropriate trade certification or academic degrees (such as a high school or college diploma), have disabilities or mental illnesses, or have served time in prison. Two common situations that can lead to underemployment are immigrants and new graduates. [9]
Those with a four-year degree earn significantly more than high school graduates. Bachelor’s degree holders earn 66% more than high school graduates on a weekly basis, according to the U.S ...
In April 2012, it was reported that half of all new college graduates in the US were still either unemployed or underemployed. [ 48 ] In fact, millennials have benefited the least from the economic recovery following the Great Recession , as average incomes for this generation have fallen at twice the general adult population's total drop and ...
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% ...
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 ...