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Higher Ed in the News

College grads another casualty of the recession

June 26, 2009

New monthly survey data from the Center for Labor Market Studies at Northeastern University in Boston finds that during the first four months of 2009, 49.9 percent of the nation's 4 million college graduates age 25 and under were working in jobs that required a college degree. That's down from 54 percent for same period last year.

Research has shown that college graduates who take jobs below their education level not only earn less, but also can take years to match the earnings of graduates who land career-track employment upon graduation.

These so called "mal-employed" workers also compound the unemployment problem by taking jobs that non-college graduates and even high school students are often qualified to hold.

"Mal-employment"

The problem of "mal-employment" - working outside one's field of education, training and choice - has increased sharply for college grads since the recession began, and all signs suggest the trend will continue for the foreseeable future.

To help unemployed 2008 graduates find work, the University of Pittsburgh at Johnstown, Pa., began an intensive 100-day effort in April to assist alumni with their job search. Career counselors are providing resume critiques, mock interview exercises, and sending resumes to employers in the graduates' chosen fields.

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Read more in the Denver Post.