Posted on 11/10/2019 7:06:21 PM PST by GuavaCheesePuff
New data from the New York Fed highlights how the job situation for recent graduates is worsening. While the rest of the labor market trends favorably, fresh graduates are more likely to be unemployed than the base U.S. working population. That has not happened before in the New York Fed data going back to 1990. While the unemployment rate for all college graduates aged up to 65 (blue line) is trending lower — currently near its lowest level of this current economic cycle — the market for recent college graduates (red) is bucking the overall trend. With the backdrop of a robust U.S. labor market, this is “an important and worrisome trend to watch because it never dropped to prior cycle lows,” DataTrek’s Jessica Rabe wrote in a note. “Even though those who have graduated from college typically get hired before less educated workers.”
(Excerpt) Read more at yahoo.com ...
Getting diplomas from woke Schools is the kiss of death. Employers don’t want to risk hiring a a woke Kapernick SJW type into their business.
Are these blind responses to job postings, or does she have any connections in the places where she’d like to work?
Exactly - them Lib Arts degrees are just expensive vacation stubs with no real value...
Unemployment rate for accountants, engineers, statisticians, doctors, nurses, and other productive people? Or unemployment rate for gender studies, African American studies, women’s studies, and poetry majors?
Why do you say that? In my area hard science or technical skills are in high demand. Soft study degrees and anything named “studies” not so much. Since many institutions are geared to soft studies their placement rates are down. Go into any Starbucks you will find more than a few college grads, a few Masters and maybe even a Phd.
H1 visas
How’s that BS in gender studies working out for ya?
My son works for a tech firm in Boston and has unlimited vacation time as a perk. I asked how much time he uses. He said very little because there’s too much work to do and you just can’t abuse it. The young employees ,on the other hand, all take the maximum and often 2 weeks at a time. They expect to be treated like like the snowflakes they are.
You missed my point entirely. The old codgers on FR think if you get an engineering degree you will get a punched ticket.
That is no more true today than it ever was. It is a competitive market, even for smart folks.
Build more Starbucks! Lol
My daughter used her GI Bill to get a BSN degree. She also went to community college first to lower the costs. Got an AS in biology.
After graduation, the jobs were lined up.
They are blind, and she has no connections.
That’s the problem. She went to her college job fair, but there weren’t jobs in statistics at it.
She’s been on handshake, but not much there either.
Has she tried fields like insurance, marketing, or market research? I can see them having need for somebody with a statistical background, to crunch large amounts of data and draw meaning from it.
She really wants to work in the medical field, but I think she just has to get her masters to do that.
For insurance, it’s actuaries and you have to take the tests. She doesn’t really want to do that because she wants to get her masters in biostatistics.
Unfortunately, all the masters programs she is interested in start in the fall, so what does she do until then.
On top of that my hubby and I are moving out of the SF Bay area in a few months and moving to Arkansas. She can’t afford to live in the Bay Area without a good job, and there are limited jobs in Arkansas. She’s going to apply to Walmart.
I wonder how much of this is due to snowflakes being unable to find entry level positions that pay what they’ve been led to believe they’re worth. Heaven forbid you take an entry level job that has entry level pay. I read a study that showed that college students overestimate their income potential by around 50%. I worked with a millennial who was hired to perform a very specific function. After three months, she had that function handled, so she asked for a raise. Was more than a little ticked she didn’t get one, because she had “accomplished something,” whereas we argued she was just doing the job she was hired to do.
They don't comprehend the meaning of “paying your dues”...nor "earning" your way in the field of employment....Nor do they want to hear that.
Well, she did do one thing very proactive.
Last week she signed up for it, and today she went. It’s a free job network group with lots of free services and classes. She went to her introduction this morning and just called to say it’s great, and she has signed up for about 2 weeks worth of classes and help.
Hopefully, this will help the job search.
I have 4 daughters. Three have graduated from college with useful degrees. The fourth will also. Someone has to pay those loans. The rest who have graduated can get off their ass and figure it out. I paid mine, now you pay yours.
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