Posted on 12/26/2021 5:05:33 PM PST by SeekAndFind
The college class of 2020 entered one of the most hostile labor markets in recent history. During the first year of the Covid pandemic, employment decreased across the country. By many measures, college graduates fared best during this period, but as time passes, research is capturing just how difficult conditions are for young workers.
The National Association of Colleges and Employers (NACE) recently analyzed the outcomes for 563,000 bachelor’s graduates across 337 colleges and universities and found that only 50.2% of the class of 2020 had full-time jobs with a traditional employer (meaning they are not working as a freelancer or entrepreneur) within six months of graduation. In comparison, 55.3% of the class of 2019 graduates were employed within the same time frame.
Students who attended colleges with fewer than 2,000 students tended to do better after graduation. Closer to 62% of these students had full-time positions after six months.
“The Covid-19 pandemic had a significant effect on the job market for the Class of 2020, and our report illustrates that,” says Shawn VanDerziel, executive director of NACE. “In terms of employment within six months of graduation, 2020 graduates had the worst outcomes since we began tracking with the class of 2014.”
According to an analysis of Bureau of Labor Statistics data from January 2020 to October 2020 by Pew Research Center, 2020 college graduates saw a bigger decrease in labor force participation than those who graduated during the Great Recession.
Pew estimates that among all Americans ages 16 and older, the employment rate declined from 61% in October 2019 to 58% in October 2020.
(Excerpt) Read more at cnbc.com ...
What does not work are degrees in gender studies, feminist studies, social work, with a minor in fisting.
His girlfriend is Peruvian, so he’s working on the Spanish!
RE: His school has an employment guarantee.
Now, that’s a school worth enrolling in. Mind sharing with us the name of tge school?
I have little sympathy for the little wokesters. Try finding a job in 1982 in teeth of very serious recession, 9% interest on student loans, and wages pegged to 2.75/hr. min wage.
But he wants to work for Tesla. Maybe next year. Wants to get some experience at Electric Boat.
My granddaughter is working on her PHD in Bio Pharma etc etc with a masters in something associated. She teaches and works at the Vet Center in RI.
Pleased
All my children are in their mid 50s, College Grads and work their butts off.
It's all about ethics.
Wow! Most impressive. Nice job, Sac!
Capitol Technology University in Maryland. Small private engineering school
Thanks for the info. I must admit I’ve never heard of this school. Worth looking into...
Not surprised. They only have about 500 students. If you don’t work at NASA or NSA you’ve never heard of it.
Be proud of that, Dad. He’s probably pulling in more $$$ than any starting position in any company. After a few years of hands-on business experience (e.g., showing up on time, working in difficult situations, etc) he will be gold to any company to take on as a supervisor.
How much is the tuition for the school?
When he was there it was about $1000 more a year than the University of Maryland.
No dorms. They have an apartment building. Want to eat? Learn to cook.
That’s the way it was in 82-as well. Sometimes timing is not your friends.
I’ve heard Electric Boat has been hiring like crazy.
Just went by the local independent auto repair place.
Big sign in front
HIRING MECHANICS $30/HR
My prediction is that they will wind up marrying sisters. And if they don't hurry up...I'll never be a great grandmother
Someone I know is sleeping in their car. They cannot find an IT gig. The Indian bodyshops were offering $25 per hour as a contractor, with no benefits.
I suggested that this guy look to see if Amtrak is hiring train crew for the Northeast Corridor. Better work environment + better pay + benefits + no Desi idiots to deal with.
‘84 wasn’t any better than ‘82
I know my friends with new engineering degrees had a bad time finding work in ‘84
I just went to Capitol Technology’s website. This particular confident guarantee stuck out:
“We’re positive you’ll receive a job offer within 90 days of graduation, or we’ll waive the tuition cost for 36 additional undergraduate credits.”
NOW THAT, is a school worth enrolling in. And all of its degrees are in the STEM fields. No fluff degrees, just hard core science and technology that trains you to be productive immediately.
We need more schools like this.
As an independent agency, the FDIC offers the regular federal 401k and their own 401k, both matching 100 percent up to 5 percent of earnings.
IOW, you're banking 20 percent of your pay.
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