Wednesday, August 05, 2009

Lost generation? U.S. grads work for free, look abroad

Reuters reports:
Americans fresh out of university are discovering their expensive degrees are not the entry ticket to a job they had hoped in the face of high unemployment.

Some young graduates are working for free to enhance their skills and bolster their resumes. Some are looking abroad for work while others are determined to push their way into the U.S. job market.
Here's a look at the numbers:
The National Association of Colleges and Employers says only 19.7 percent of 2009's graduates who applied for jobs had them as of May 2009. During the second quarter this year, unemployment for workers under 25 years of age was 17.3 percent, nearly double the national average.
Do you think the taxpayers should "encourage" more people to go to college? Will future home prices be held up by these college graduates?