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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]
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 ...
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% ...
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 ...
According to the National Association for Law Placement (NALP), only 63% of law graduates from the class of 2015 obtained full time, bar passage required employment. [1] Almost 11% of 2015 graduates were unemployed despite a U.S. unemployment rate of 5%. [2] Over 500 graduates (1.4% of graduates) worked in non-professional positions.