2014 College Grads Get Diplomas, Not Jobs

The Washington Free Beacon reports:

Graduating college seniors face a grim job market little improved since President Barack Obama’s reelection, and many say they are concerned about their future.

The effective unemployment rate, referred to as U-6, now stands at 15.6 percent for the youth, ages 18 to 29. U-6 adjusts for labor force participation by including those who have given up looking for work. That rate since 2012 has only improved slightly, from 16.4 percent.

The unemployment picture for others in this age group remains stubbornly high. For African Americans, the U-6 rate is at 23.6 percent, the rate for Hispanics stands at 16.2 percent and the rate for women is currently at 13.3 percent.

College seniors are frustrated by their inability to land a job.

Hope and change!