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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]
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]
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.
In 1979, M. Harvey Brenner found that for every 10% increase in the number of unemployed, there is an increase of 1.2% in total mortality, a 1.7% increase in cardiovascular disease, 1.3% more cirrhosis cases, 1.7% more suicides, 4.0% more arrests, and 0.8% more assaults reported to the police.
The series evolves around a group of five fresh graduates who met and became close friends during college. Initially, each had their big dreams and were very determined to make them happen: Lou wanted to pursue graduate school and eventually become an environmental lawyer; Raviva broke up with Lou to move to Los Angeles in the hope of making it in the music industry; Miles wanted to be a model ...
The Pew Research Center estimated in 2012 that the average college graduate earns as much as $650,000 more than the average high school graduate over the course of a 40-year career, roughly $1.4 million versus $770,000. Factoring in the cost of college and foregone investment income, the average college graduate still ends up an estimated ...
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% ...
Discouraged Workers (US, 2004-09) In the United States, a discouraged worker is defined as a person not in the labor force who wants and is available for a job and who has looked for work sometime in the past 12 months (or since the end of his or her last job if a job was held within the past 12 months), but who is not currently looking because of real or perceived poor employment prospects.