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50% of Recent College Graduates in Need of WorkApr 26, 2012
Associated Press – More than half of all recent college graduates are struggling under a twofold problem: massive student debt and a poor job market, according to a new study commissioned by the Associated Press. Just over 53% of all bachelor’s degree recipients under the age of 25 are unemployed or underemployed, the highest total in more than a decade. Job seekers are split nearly even between being unemployed or underemployed. The lowest total came in 2000, when the tech industry was booming. Three regions of the country are specifically facing problems are the Mountain West, rural Southeast, and Pacific region. The metropolitan South and the Northeast are faring best. Students in the humanities art the least likely to be employed, while graduates with degrees in nursing, accounting and computer science the most likely. Students are beset by a number of problems, including high U.S. unemployment, global competition, and a marketplace flooded with bachelor’s degrees. The overall unemployment rate for college graduates, however, is half that of those without a college degree. For more, read 1 in 2 Graduates Are Jobless or Underemployed.