Recent grads weigh options as employment proves elusive

The Naperville Sun reports:

According to a spring survey by the Pennsylvania-based National Association of Colleges and Employers, just 19.7 percent of 2009 graduates who applied for a job actually had one by graduation. In comparison, 51 percent of those graduating in 2007 and 26 percent of those graduating in 2008 who had applied for a job had one in hand by the time of graduation.

"When looking at overall unemployment being close to 10 percent, obviously that's going to affect new college graduates," said Mimi Collins, spokesperson for NACE.

Yet, Barack Obama and the Big Education lobby want federal taxpayers to encourage more people to go into debt to get a college degree. You'll want to read this one.