The Bureau of Labor Statistics released an Employment and Unemployment Among Youth Summary. Even the economic situation, diploma no longer grantees you a spot in the entry-level labor force.
While no 22 year old college graduate is entitled to their dream job a month after they graduate from college, the recession has put new pressures on the labor market. In the past, an undergraduate degree provided the holder with a degree of job security. This isn’t the case today with more of the population applying to graduate schools and professional degrees.
Here are the facts:
“From April to July 2009, the number of employed youth 16 to 24 years old increased by 1.6 million to 19.3 million, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This year, however, the pro- portion of young people who were employed in July was 51.4 percent, the lowest July rate on record for the series, which began in 1948.” –Employment and Unemployment Among Youth Summary, 8/27/2009
