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 ...
Worse for whom? Those who chose to major in Minority Studies, or Social Justice Actions, or Art History in the Seventeenth Century, or other “socially relevant” topics bear the brunt of the unemployment consequences? I think a closer look at the statistics will show that the unemployment rate is not randomly distributed across all majors.
Complete BS!
The problem is not what they majored in, but their total lack of any knowledge whatsoever.
A Department of Education study in 2008 found that 5% of ‘college graduates’ were illiterate, and another 20% read at the fifth-grade level. I doubt if there has been any improvement in the past eleven years, probably just the opposite.
Did your BIL “recover”?
Not yet, I think he’ll manage since he has a lot of hands on experience and could switch over to a job as a machinist or something like that if need be, but it was extremely short notice. They had the audacity to demand that they be shadowed by their replacements so they could “learn the ropes”.
Too many womyn studies majors. And how many people can NCIS hire?
Learn to Code! Isn’t that what the Libs like say to other displaced workers?
Don’t major in stupid degrees
Engineers
Doctors
Nurses
Mathematicians
All are doing just fine
From posts here, that almost always seems to be the case...
Happens all the time. Personally seen it. Not sure why there is so much denial on the board.
Same as always...
An education is an investment in yourself.
If you invest in junk bonds, your chance of getting a good return is unlikely.
OMG....I’d have to rant at her...so that’s what they’re teaching now....
No great demand for underwater basket weavers. Nor for any of the myriad whacko gender studies, either.
Exactly correct. Get a degree in math, science, engineering, medical etc. you have a job waiting. All my degrees were such.
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There’s been an ongoing effort to address that with the H1B visa program and replacement of citizens and their sense of self worth with those satisfied with sweatshop wages.
Not a lot of demand for grads of liberal schools with degrees in African or Women’s Studies, or Social “Sciences”.
With any of those degrees one is guaranteed a job anywhere in this country and anywhere in the world.
The only problem might be where some cities now have "urban" engineers. The big stink had been that there were no or few WOMEN engineers so some cities invented "urban engineers," that is, women "engineers" in charge of the city parks and gardens. WHAT a load.
My husband was a mechanical engineer and could do anything. He had a pair of dark green overalls with the following in bright yellow paint on the back:
HIT N' MISS ENGINEERING.
He's passed on and I still miss him.
Learn to code.
They MIGHT get hired by some companies wanting to meet some racial quota. Those who do get hired that way will find out that they have little or nothing to do.
They may be amused at first but it might get on their nerves knowing that they are merely the token "quota-person."
I tell you, I believed the stories when I heard them, but seeing it in real life with him was the most blood boiling experience I think I ever had gone through. The people they brought in are mostly frauds with bogus credentials who don’t know the first thing about anything, and worse is that the company was a contractor for DOD. I have no idea how the DOD clears a contractor who deals with the logistics of military equipment having Chinese Nationals as employees, but that’s the case. I guess nobody gives a damn about National Security when it comes to Cheap Labor.
One major engineering company in Houston did not even do that. They laid off their most experienced people on the same day Bill Clinton was sworn in. Then they hired replacements with less than 2 years of experience. They were told to just copy the work done by the engineers who got cut. Hell, every ethylene plant looks the same was management’s reasoning. Cookie cutter engineering was their touted “quality program”. As well as the diversity program (why was a woman with a teaching degree in a process control engineering position?).
Pm me if you recognize the company.
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