Employment Rates and Average Salaries Down for New College Grads

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Employment Rates and Average Salaries Down for New College Grads

A trend that many have suspected to be on the rise – including college graduates – has been confirmed in a recent survey regarding employment rates among young people.¬†An online survey from PayScale.com conducted between July 2011 and July 2012, showed that 63 percent of young people between the ages of 18 and 29 have a bachelor’s degree, however, are often forced to take jobs that don’t require one.

The survey included input from nearly 500,000 young workers, and only further suggested that a four-year college degree doesn’t mean as much as it used to when it comes to securing a job.

As reported by MarketWatch, a similar survey conducted by Rutgers University saw similar conclusions. They found that nearly half of young people who have graduated in the last five years say their jobs don’t require a four-year degree, and only 20 percent said their first job was actually in their desired career field.

Cliff Zukin, a professor of political science and public policy at Rutgers, told MarketWatch that these findings paint a grim picture of employment for recent college grads, saying, “Our society’s most talented people are unable to find a job that gives them a decent income.” Read the rest of this entry »


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