04-06-2010, 09:07 AM
IrishJohn Wrote:From today's Wall Street Journal:A 5% unemployment rate doesn't mean much when considering the fact that many college grads are underemployed. I would argue that the $8/hr clerk with a HS diploma and no debt is better off than the $10/hr clerk with an engineering degree.
In general, highly trained and educated workers are faring better than those without degrees in this labor market. The unemployment rate for college graduates is 5%, compared with 9.7% overall. In general, the employment picture is improving, with employers adding 162,000 jobs in March, the biggest monthly gain in three years.
Kids Feel Pinch of Parents' Unemployment - WSJ.com
Interesting article. It appears that many younger students seeking help from their parents to pay for college are out-of-luck too given the state of the economy.