Doctoral Candidates Anticipate Hard Times

The New York Times reports:

A survey by the American Historical Association, for example, found that the number of history departments recruiting new professors this year is down 15 percent, while the American Mathematical Society’s largest list of job postings has dropped more than 25 percent from last year.

“This is a year of no jobs,” said Catherine Stimpson, the dean of the Graduate School of Arts and Sciences at New York University. Ph.D.s are stacked up, she said, “like planes hovering over La Guardia.”

It's good to know,the central planners in Washington D.C. want to encourage more people to take on more debt to help build an army of unemployed PH.D's.