Unemployment among 20- to 24-year-olds, the typical post-undergraduate age group, is sharply higher than the overall population. In the second quarter of this year, joblessness among this group reached 9.8 percent, according to the Labor Department. That is up from 7.7 percent last year at this time and 8.1 percent in the second quarter of 2001, about the time the last recession hit. Overall, unemployment rose to 5.7 percent in July from 5.5 percent the previous month, and the economy lost 51,000 payroll jobs.No word from the Big Education lobby on this one.
Sunday, August 03, 2008
Graduates' Job Hunts: Majorly Frustrating
The Washington Post reports: