Thursday, May 2, 2013

Obamanomics: Underemployment is becoming the new norm for college graduates...

 40% of college graduates are underemployed, if they have a job at all.
(Reuters)More than 40 percent of recent U.S. college graduates are underemployed or need more training to get on a career track, a poll released on Tuesday showed.
The online survey of 1,050 workers who finished school in the past two years and 1,010 who will receive their degree in 2013 also found that many graduates, some heavily in debt because of the cost of their education, say they are in jobs that do not require a college degree.
Thirty-four percent said they had student loans of $30,000 or less, while 17 percent owed between $30,000 to $50,000.
“For our nation’s youngest workers, as well as for the workforce at large, there is a real need for employers to reexamine how they hire, train and develop their employees,” said Katherine Lavelle, of the global management consulting firm Accenture, which conducted the survey.
Nearly half, 42 percent, of recent graduates expect they will need an advanced degree to further their career and almost a quarter are already planning to take graduate courses.

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