Graduating to unemployment
5 Mistakes that could be sabotaging your job search
Finding a job in the United States has been a difficult task for many, but the old security that having a college degree guarantees a job is no longer true. The tough job market not only makes finding employment harder, but young college graduates are also being paid less. In 2011 the wages young college graduates earned were 4.6%, around $2,000 less than what they were in 2007. Despite being skilled and educated, many college graduates will continue to have problems finding work, especially work related to their degree. (Source: www.nytimes.com)
Underemployed: Because of the poor job market, college grads are often forced to take minimum wage jobs, part-time jobs, or jobs which don’t even require a degree. All in all, 19.1% of young college graduates are underemployed. Even out of the individuals hired to a full-time position, 40% are in jobs that don’t require a degree. Unfortunately, many college graduates also graduate with debt, which will take a long time to pay back with a low-earning job. (Source: www.nytimes.com)
Still Better to Have a Degree: Even though people with a college degree have a hard time finding gainful employment, it’s even worse for those with only a high school diploma or GED certificate. In a national survey by the University of Rutgers, out of the people who graduated between 2009 and 2011, a meager 16% had full-time jobs. Furthermore, the majority of high school graduates in the study were still living at home with their parents. Job opportunities continue to be limited for individuals with only a high school diploma and the discouragement many of these people feel can lead to depression. Another problem is that many of the full-time positions high school graduates do end up in only pay minimum wage or very low salaries. (Source: www.npr.org)
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