Sun Apr 22, 2012, 07:27 PM
Omaha Steve (35,839 posts)
1 in 2 new graduates are jobless or underemployed [View all]
Source: AP-Excite
By HOPE YEN WASHINGTON (AP) - The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don't fully use their skills and knowledge. Young adults with bachelor's degrees are increasingly scraping by in lower-wage jobs - waiter or waitress, bartender, retail clerk or receptionist, for example - and that's confounding their hopes a degree would pay off despite higher tuition and mounting student loans. An analysis of government data conducted for The Associated Press lays bare the highly uneven prospects for holders of bachelor's degrees. Read more: http://apnews.excite.com/article/20120422/D9UA7BKO1.html
In this photo taken Thursday, April 19, 2012, barista Michael Bledsoe smiles as he chats with a visitor in the coffee shop where he works in Seattle. The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college grads either jobless or underemployed in positions that don't fully use their skills and knowledge. (AP Photo/Elaine Thompson)
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