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 ...
How many with degrees in Women studies?
What social justice junk diploma did their Lefty “university” con them into paying half a million bucks for? They are left with no chance to recoup their losses with some minimum wage job at a calling center. Laws should be enacted that would allow students to sue for fraud.
I have tons of technical degreed folks out of the work force and looking...they are older, usually with advanced degrees.
It’s interesting that there are so many of us former techies that can speak to this topic with real world experiences... and yet we are told that we are wrong. Wrong? Been there, done that! Seen several companies outright lie to their staff about what is going on as well. One group in a former company was told that the dots were just going to help them for after hours work. Nope. Once trained, it was 24 hours a day and the staff got canned with almost no severance. They had it in writing that they were not training their replacements. Lies. No shame at all. The replacements totally sucked and the rest of us suffered greatly as a result.
Is it possible for these little shits to complain more than they do already?
Companies are begging for Production and Warehouse Supervisors. The recent grads think these operations jobs are not good enough. I know distribution centers that would add a 3rd right now if they could find supervisors. Everyone can’t be a fashion designer or film maker.
Because the board is full of old people who don’t understand the current employment picture. They hear unemployment is low, and they believe it. They hear 5% of college kids in silly majors and they think it’s all college grads.
The job world is tougher than a lot of people think. Even coders have to compete. Job efficiency means that fewer folks do more work.
And the robots aren’t even here yet.
Coding is not safe...Indians taking most of the lower level jobs with H-1B Visas...
It’s just not fair... having to spend spending $120,000 for an undergrad degree, and then not being able to find a job in lesbian climate justice intersectionality, and the gia art of fetal dismemberment. /S
Just wait until Congress eliminates the H1B country caps that they’re trying to pull off right now. It’ll be too late by then but I guarantee you that the STEM field will become 90% guest workers in the next 5 years. Any job they can’t automate they’ll fill out with immigrants.
I saw those same Indians at Costco today.
Yep.
It’s interesting that there are so many of us former techies that can speak to this topic with real world experiences... and yet we are told that we are wrong. Wrong? Been there, done that! Seen several companies outright lie to their staff about what is going on as well. One group in a former company was told that the dots were just going to help them for after hours work. Nope. Once trained, it was 24 hours a day and the staff got canned with almost no severance. They had it in writing that they were not training their replacements. Lies. No shame at all. The replacements totally sucked and the rest of us suffered greatly as a result.
Bump! Agree 100%
My Niece got her major in Zoology. She works now for a major pharmacy firm making equipment for hospitals and vets.
Daughter got a degree in fabrics. She has worked as a buyer for a major retailer for 20 years.
Other daughter jumped around from job to job, got a degree in accounting and works for a major window glass company.
As for me, worked days, trade school at nights. Welding, electrician, plumbing, I can do them all. NEVER been without a job.
But No-O-0! Some gotta take a course in something useless like underwater basket weaving.
Who the hell would want to hire these indoctrinated stooges?
You mean that degree in Lesbian Dance Theory doesn’t guarantee you’ll get a job?
"Relevant Education" is the operant phrase.
You mean Starbucks has all the PhD graduates it needs with degrees in gender studies, feminist studies, social justice studies, chicanx studies, black studies... ?
School and college have been so grievously dumbed down that today’s “college grads” are well behind what previous generations of even high school grads had in terms of thinking and communications skills.
Anyone who found Millennials to be a challenge to get up to speed in the workforce should just wait until they encounter their first Gen Z hires.
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