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1 in 2 new graduates are jobless or underemployed
Yahoo! News / The Associated Press ^ | Hope Yen

Posted on 04/22/2012 12:31:28 PM PDT by 2ndDivisionVet

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1 posted on 04/22/2012 12:31:34 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

In today’s “labor market”, a college diploma doesn’t mean much. Everybody has one. Employers are looking for people who are willing to work. IMHO.


2 posted on 04/22/2012 12:36:27 PM PDT by FlingWingFlyer (It's time for the 47% to start paying their "fair share" of income taxes.)
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To: 2ndDivisionVet
The job problem hit the new high school and college graduates in 2007 and it got much worse in 2008. Then there's 2009, and 2010 as well as 2011. 2012 isn't any better.

Six years' worth of youth being wasted on unemployment! BTW, that's not "unemployment compensation", that's just plain old joblessness.

Their employment environment is remarkably similar to that of youth their age in Greece, Spain and North Africa!

3 posted on 04/22/2012 12:38:04 PM PDT by muawiyah
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To: 2ndDivisionVet

The authors name is Hope Yen

Not Hope Yet??


4 posted on 04/22/2012 12:38:33 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: 2ndDivisionVet

in the obamite’s way of thinking, the unemployed are their most loyal voting block. this is how they hope to carry “the youth vote” in november.

and the “yoots” are probably stupid enough to give it to him. I live in a college town, and I am already seeing empty headed college kids wearing their obama buttons.


5 posted on 04/22/2012 12:38:58 PM PDT by JohnBrowdie (http://forum.stink-eye.net)
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To: 2ndDivisionVet

I don’t know about other fields, but in my area (humanities) you typically need at least a master’s degree to get a job directly relevant to your college coursework. The exception is graduate school, of course, but that’s a rather complicated definition of “job”!


6 posted on 04/22/2012 12:39:49 PM PDT by sthguard (The DNC theme song: "All You Need is Guv")
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To: FlingWingFlyer
You err in forgetting that employers aren't looking for anyone at all.

Don't fall into the trap of blaming America's 53% unemployment rate among youth on the victims of the failed policies of this government.

7 posted on 04/22/2012 12:40:37 PM PDT by muawiyah
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To: JohnBrowdie
The Obots are crazy. They've managed to alienate 6 years worth of high school and college graduates.

Out of all the trillions poured down the drain NONE of it went their way.

Remember, you don't get unemployment compensation unless you had a job. Job training doesn't help you get a job when there are no jobs.

There's a good 15% of the electorate who would not vote for a Democrat for anything. Now it's time for Republicans to figure out how to get those guys to vote FOR a Republican.

I'm pretty sure any candidate who favors importing more illegals won't get their votes, and I'm equally sure they won't vote for anyone they view as cut in the mold of the employers who aren't hiring.

8 posted on 04/22/2012 12:44:40 PM PDT by muawiyah
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To: 2ndDivisionVet

Im way underemployed. But at least I work. and have returned for a grad degree.. it is what it is..


9 posted on 04/22/2012 12:46:10 PM PDT by goseminoles
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To: 2ndDivisionVet

But what about the fields booming under Obama? Fields like repossession, Foreclosure, greeter at the food stamp office, Temp at the unemployment office, auctioneer for bankrupt solar companies and coming this summer paid neighborhood watch captains after the riots start. All these grads are just looking in the wrong fields.


10 posted on 04/22/2012 12:47:25 PM PDT by shoff (Vote Democratic it beats thinking!)
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To: 2ndDivisionVet

I find it interesting that AP is highlighting such dismal news just before the re-election bid of their boy king...Why do I suspect that the Journolisters are just running stories like this to gin up another “crisis” that Obama will need to solve?

First, blame on the policies of the Bush Administration and then, propose a huge Federal bailout of student loans in order to “help” struggling students who are burdened under a “mountain of debt”. Wouldn’t that be a great way to bring back the youth vote just in time for November?

And if someone should dare to mention that we don’t have any money left or, even worse, mention that if someone was dumb enough to borrow 100K for a totally useless, “Pity-Party” ethnic/gender studies degree, it’s their own darn fault, look for the heartless Republican meme to kick into full gear!

It’s so predictable it’s not even fun to watch any more....and Mittens Romney, along with the rest of the spineless RINOs will get played yet again and then they’ll give in and go along with whatever solution Bambi proposes cause they don’t want to be called “mean”!


11 posted on 04/22/2012 12:47:57 PM PDT by VikingMom (I may not know what the future holds but I know who holds the future!)
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To: muawiyah

If college grads are ambitious, willing to work, persevere at job search, don’t set their sights unrealistically high, have a good work history in high school and college, have an upbeat attitude toward life, and are willing to move to where the jobs are, they will find work. Mine did. It may be tougher than usual, but it can be done.


12 posted on 04/22/2012 12:48:44 PM PDT by ProtectOurFreedom
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To: FlingWingFlyer
Obama loves poor people so much, he made millions more
13 posted on 04/22/2012 12:50:14 PM PDT by Gone_Postal
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To: 2ndDivisionVet

I don’t know.... I think that far too many students are taking courses to dead end careers rather than seeking out education that actually puts them in the market place.

My son graduates in May of this year with a Bachelors degree in Computer science/programming with honors (Cum Laude). He received his Associates degree Magma Cum Laude almost 2 years ago and did an internship at BCBS. When the internship was suppose to end, they kept him on.

For the past 2 months he has received a multitude of calls for interviews from many companies and he has chosen those that he wished to interview with. He was offered a job with a fantastic company and he could not believe what they were giving him for a starting rate. It was far more than what they stated at his interview which he would have been more than happy to accept as well. But this is so much better.

So I guess the saying goes - choose wisely which course you take. Literally! He chose well!


14 posted on 04/22/2012 12:52:05 PM PDT by jcsjcm (This country was built on exceptionalism and individualism. In God we Trust - Laus Deo)
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To: 2ndDivisionVet
...and that's confounding their hopes a degree would pay off

Grads need to realize that its hard work that pays off more than just having a degree. And for many it's more of a matter of paying off the degree than it is the degree paying off.

15 posted on 04/22/2012 12:52:33 PM PDT by Starboard
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To: 2ndDivisionVet

Dear college class of 2012, if you want this to change, support the only conservative standing, Newt Gingrich.

If not, then eat from dumpsters for all I care. YOU can watch your dreams burn to the ground with the rest of us.


16 posted on 04/22/2012 12:54:31 PM PDT by Gator113 (***YOU GAVE it to Obama. I would have voted for NEWT.~Just livin' life, my way~)
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To: 2ndDivisionVet

All they need to do is call 1-800- SHOVEL READY JOBS. Ask for Hope.


17 posted on 04/22/2012 12:58:53 PM PDT by Gator113 (***YOU GAVE it to Obama. I would have voted for NEWT.~Just livin' life, my way~)
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To: goseminoles

“Im way underemployed. But at least I work. and have returned for a grad degree.. it is what it is..”

Good for you!!! I think most of us have to make sacrifices in our lives as we move forward in our careers...I can remember working pulling weeds and cleaning up the landscaping of a business as I was contemplating which management job I would take early in my career. I can also remember later working evenings telephone sales (yech!!!) to help keep up payments on a commercial property I owned.

I have never collected unemployment in my life, I do not begrudge those that do, it is just not for me. Just stick with it, sometimes moving forward requires taking a step back...GOOD LUCK!!!


18 posted on 04/22/2012 1:00:04 PM PDT by Wpin ("I Have Sworn Upon the Altar of God eternal hostility against every form of tyranny...")
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To: FlingWingFlyer

I wonder how many of the unemployed and underemployed grads have degrees in science, engineering, technology or math.

I always thought if I lost my job I’d go back to college for nursing.

Screw that. If I go back to college, I will try to study something engineering-related.


19 posted on 04/22/2012 1:00:20 PM PDT by Cloverfarm (This too shall pass ...)
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To: 2ndDivisionVet

Hussein et al will begin the meme of the war on students or the war on the young. Hussein wants to re-authorize the low interest on student loans which merely act as a subsidy for Leftist university indoctrination, while driving up tuition prices through availibility of cheap loans. This game will go on and on unless we start beating them to the punch. That’s why we should use the under-employment information and the extra 5 trillion in debt Hussein has inflicted on the nation’s young people as a bludgeon against the Left’s war on the young.


20 posted on 04/22/2012 1:00:54 PM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: jcsjcm

I would say that your son is the exception to the rule.

I am graduating in May 2012 with a Bachelors of Science in Economics from NC State Univeristy cum laude. A BS in Econ from this school is essentially applied mathematics with a major concetration in econometrics. I have experience with time series forecasting, multiple regression (all forms, cochrane-orcutt, IV, Logit, etc.), Box-Jenkins, among others. I can also do advanced mathematics such as Differential Equations, calculus, etc.

On top of that, I have about 2 years worth of programming experience with SAS (it was started at NCSU so they drill it into us), ForecastX, and Gretl. Hasn’t helped me do squat.

Finally, my job search has basically equated to nada. Why? Employers may be looking for people with experience in data analysis however there are many candidates with 2-3 years of actual on the job experience who are taking the entry-level jobs. This pushes me to crappy jobs such as Northwestern sales, etc. which are worthless for my chosen field of banking and data analysis.

Further, everyone I know who is graduating has absolutely NO job offers that are worth a darn. We’re talking 20+ people in majors such as engineering, stats, math, econ etc.

Your son is the exception not the rule.

At this point, I am considering going to Grad school for a Masters in Applied Economics and a Masters Minor in Statistics. The job market just plain sucks.


21 posted on 04/22/2012 1:02:38 PM PDT by Black_Shark
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To: goseminoles

Your attitude will lead you to success.... in time.

Best of luck to you...


22 posted on 04/22/2012 1:03:12 PM PDT by Gator113 (***YOU GAVE it to Obama. I would have voted for NEWT.~Just livin' life, my way~)
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To: ProtectOurFreedom

Most wholeheartedly agree! In fact, this dismal economy may be the force for correction in the educational liberalism washed into the brains in our yutes by showing them that nothing is guaranteed, and that hard work is a good start to getting them through this mess. However, many will fall by the wayside and vote for Odumbo.


23 posted on 04/22/2012 1:03:47 PM PDT by SgtHooper (The last thing I want to do is hurt you. But it's still on the list.)
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To: muawiyah

“There’s a good 15% of the electorate who would not vote for a Democrat for anything. Now it’s time for Republicans to figure out how to get those guys to vote FOR a Republican.”

A good start would be a well publicized commitment by Republicans to significantly reduce the massive debt burden that’s been dumped on future generations by the Obama, Pelosi, Reed and their Democrat foot soldiers.


24 posted on 04/22/2012 1:04:19 PM PDT by Starboard
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To: Black_Shark

I forgot to add that I am interested in ALL Data Analysis, not just investment/banking analysis. I love stats.

However, all of these jobs are being taken by people who are qualified for the higher-level jobs but cannot get them due to even more higher-qualified individuals taking THEIR jobs. It’s a vicious cycle.


25 posted on 04/22/2012 1:04:47 PM PDT by Black_Shark
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To: FlingWingFlyer

When my generation graduated from college with a B.A. or a B.S., almost all of us ended up working in so-called bad jobs. It was expected! You built up your skills on those jobs. These kids want to enter as CEO and it ain’t happening.


26 posted on 04/22/2012 1:11:54 PM PDT by miss marmelstein
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To: Black_Shark

Why don’t you just get a job as a bartender? Or a waiter?


27 posted on 04/22/2012 1:14:06 PM PDT by miss marmelstein
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To: miss marmelstein

I want to enter as an entry-level data analyst. I expect a salary in the $40-50,000 range commiserate with my skills. I want the opportunity for advancement if I work hard and prove my worth. I want to be on the management/executive track by the time I’m 30.

How would I accomplish this? Through working my butt off for however many years it takes to prove my worth.

Yet no employer will even consider me for a job because I don’t have 2+ years of experience for a basic entry-level data analysis job.

Instead I get offered “sales” jobs where I can “make my own living and be my own boss”.

Life is hard but this is friggin ridiculous. Why did I go to college and work my BUTT off learning statistics and mathematics when I could have bypassed it all and still be qualified for the same jobs?


28 posted on 04/22/2012 1:16:28 PM PDT by Black_Shark
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To: jcsjcm
... far too many students are taking courses to dead end careers rather than seeking out education that actually puts them in the market place.

Failure to research the employment potential for one's chosen education and career path should be a red flag screaming "STUPID" to any prospective employer.

29 posted on 04/22/2012 1:25:31 PM PDT by meadsjn (Sarah 2012, or sooner)
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To: Black_Shark

You’re being satirical, right? You couldn’t possibly be serious, could you???


30 posted on 04/22/2012 1:27:30 PM PDT by miss marmelstein
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To: miss marmelstein

Exactly.


31 posted on 04/22/2012 1:30:23 PM PDT by FlingWingFlyer (It's time for the 47% to start paying their "fair share" of income taxes.)
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To: Gone_Postal
Obama loves poor people so much, he made millions more
That's true of all socialists. The venerate poverty and spread it, with the poison gas of their socialism.
32 posted on 04/22/2012 1:30:37 PM PDT by samtheman ( http://www.youtube.com/watch?v=CZ-4gnNz0vc)
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To: Black_Shark
I want to enter as an entry-level data analyst. I expect a salary in the $40-50,000 range commiserate with my skills. I want the opportunity for advancement if I work hard and prove my worth. I want to be on the management/executive track by the time I’m 30.

And have you researched this, and calculated the probability for this absurd chain of events?

33 posted on 04/22/2012 1:32:36 PM PDT by meadsjn (Sarah 2012, or sooner)
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To: muawiyah
"You err in forgetting that employers aren't looking for anyone at all."

Well said, at least not hiring in this country. The GOP is content to blame it on Obama but it started some time ago when employers started to export jobs throughout the world. Most things you buy are made by employees elsewhere. Apple makes its IPad in China.

We have to find a way for Americans to compete in the world's Darwinian economy before we descent into another 3rd world country with labor rates and pollution. It isn't just taxes, GE pays no taxes. It isn't just unions, IBM is not unionized.

34 posted on 04/22/2012 1:36:15 PM PDT by ex-snook ("above all things, truth beareth away the victory")
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To: 2ndDivisionVet

Wanna make $120,000 a year with no college degree or experience required?

There MIGHT be a job for you operating a Texas Wireline rig in Williston, North Dakota; America’s natural gas boomtown.

All you have to do is:

A) Have a commercial drivers license.

B) Be able to pass a drug test.

That’s it! Of course you have to have the mental and physical stamina to work 56 straight hours but that’s no different from being a medical intern at your local hospital. And the compensation is as much as a medical doctor without the endless years of schooling or the sky high student loan debt.

All one has to do is be willing to WORK.


35 posted on 04/22/2012 1:37:26 PM PDT by bigoil (Study Thy Nixon)
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To: meadsjn

Yes, I’ve researched this. There is a huge demand for data analysts due to the large amount of data that companies produce and the valuable conclusions that can be derived from such data.

In regards to the rest of your comment: The majority of people I know and associate with were/are on this track and they all started at similar if not greater salary ranges. The older ones (50’s and above) all have the same advice: If you’re not on the management/executive track by the time you’re 30, you ain’t going anywhere kid.

For a more concrete anecdotal example: a personal friend of mine is 27 and a VP of fixed income at a major bank. Another friend is currently well on his way to becoming VP by the time he’s 26.

Yes, it’s possible. Also, given that the average starting salary of a college graduate is $50,000+, I would assume that my expectations aren’t exactly crazy.

For further contemplation: If I started at $30K, I would be making $40K by the time I’m 30 and nowhere near management track most likely. Essentially, I’m screwed.

So yes, I do have expectations but I am willing to back up my expectations through hard work and results. After all, I don’t expect to get paid if I am not producing.


36 posted on 04/22/2012 1:40:16 PM PDT by Black_Shark
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To: Black_Shark

Edit: The data analysis jobs are being taken by individuals with 2+ years of experience due to the vicious cycle that I mentioned above.


37 posted on 04/22/2012 1:41:29 PM PDT by Black_Shark
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To: bigoil

I’ve considered this route however there is one major problem:

Mathematical skills degrade if not used and while working in this job I would be practicing my skills. Therefore, I would become quite rusty and may not be qualified to work in a more rigorous field such as an analyst.

It’s a catch-22.


38 posted on 04/22/2012 1:43:18 PM PDT by Black_Shark
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To: Black_Shark

With your background if you went into programming/design you would make a killing. Learning programming skills would take time but worth it. It is a lot of work and many are not willing to to do that.


39 posted on 04/22/2012 1:45:07 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: meadsjn
My brother in engineering has to take various liberal arts requirements, including a “diversity requirement”!

Its bull, but he an't move onto higher engineering courses until these stupid prereqs are fulfilled.

40 posted on 04/22/2012 1:45:36 PM PDT by Celtic Cross (The brain is the weapon; everything else is just accessories. --FReeper Joe Brower)
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To: central_va

What programming languages are most in demand? As I stated, I know some SAS but otherwise haven’t had the time nor inclination to learn computer programming.

Any suggestions?


41 posted on 04/22/2012 1:47:19 PM PDT by Black_Shark
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To: 2ndDivisionVet
I'm surprised it's not higher. Don't *most* college graduates start out with crap jobs while trying to establish themselves in the corporate world?

Of course, if you pursued a degree in "Womyn's Studies" or "Art History" or some such, you probably weren't going to find a job in your chosen profession anyway.

42 posted on 04/22/2012 1:48:53 PM PDT by OrangeHoof (Evil never reveals the truth until it's too late to flee.)
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To: Celtic Cross

Liberal Arts requirements are there for you to repair your GPA after a semester of Econometrics, Applied Diff Eq, etc.

Plus you meet some cute girls! ;)


43 posted on 04/22/2012 1:49:43 PM PDT by Black_Shark
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To: Black_Shark
"Plus you meet some cute girls! ;)"

In liberal arts courses, my brother says stupid girls.

44 posted on 04/22/2012 1:52:09 PM PDT by Celtic Cross (The brain is the weapon; everything else is just accessories. --FReeper Joe Brower)
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To: Celtic Cross

That’s very true but they provide so much entertainment when they start harping about the latest social “injustice”!


45 posted on 04/22/2012 1:55:41 PM PDT by Black_Shark
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To: Black_Shark
Look with your background you can learn this real fast. Do exactly what I say, and you will be making six figures in no time. You will have to this on your own, I learned this at IBM but it really doesn't matter.

You need to download an IDE(Interactive development Environment) Eclipse is a good one. Then buy a beginner java book and do one chapter per week. "Teach Yourself Java" is a good one. You should also become familiar with Object Oriented Design but that can wait. Just remember there is no end to the learning. I am 53 and I am learning the Struts framework now.

46 posted on 04/22/2012 1:55:55 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: central_va

I think I’ll do that. It can never hurt to broaden my range of skills.


47 posted on 04/22/2012 1:58:43 PM PDT by Black_Shark
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To: FlingWingFlyer

1 in 2 college graduates shouldn’t have wasted their time in college... let the great and painful correction begin.


48 posted on 04/22/2012 2:08:26 PM PDT by Third Person
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To: Third Person

Yup. Employers aren’t looking for people with a degree in Bovine Scatology.


49 posted on 04/22/2012 2:14:07 PM PDT by FlingWingFlyer (It's time for the 47% to start paying their "fair share" of income taxes.)
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To: Black_Shark
You must realize, of course, that the banking industry hands out the title of "Vice-President" like the Nobel Committee hands out Peace Prizes, i.e., to anybody who's been there longer than about 45 days. Practically everybody working in a bank who isn't a teller (to the extent any of those actually remain, anyway) is a vice-president.

In my professional endeavors it is often necessary for me to have to deal with some of these "vice-presidents" at various banks and other financial institutions. Some of them appear to have reached their lofty pinnacle only because none of their superiors could find them long enough to fire them. Some of these people are passingly competent; however, many others appear to be dumpster-divers who have accidentally landed behind a desk and a nameplate at the local bank.

If being a VP at a financial institution is your aspiration, best of luck to you. I'm simply hard-pressed to understand why that might be a goal for a bright, energetic, ambitious individual.
50 posted on 04/22/2012 2:16:31 PM PDT by Milton Miteybad (I am Jim Thompson. {Really.})
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