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53% of New Graduates are Jobless or Underemployed

gray_matters Wrote: Apr 26, 2012 6:39 AM
After reading this the movie PCU comes to mind: "You can major in game boy if you know how to bulls&$#t" "You are majoring in a 5,000 year old dead language?"

The USA Today reports graduating class of 2012 is in for a rude awakening as Half of new graduates are jobless or underemployed.

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.

Median wages for those with bachelor's degrees are down from 2000, hit...

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