Recent college grads today face some of the worst job prospects since the great depression. A survey by the Associated Press found that over 50 percent — about 1.5 million — are either unemployed or in jobs that don’t require a college degree. The AP survey found that recent grads were “more likely to be employed as waiters, waitresses, bartenders, and food-service helpers than as engineers, physicists, chemists, and mathematicians combined. There were more working in jobs such as receptionists or payroll clerks than in all computer professional jobs. More also were employed as cashiers, retail clerks, and customer representatives than engineers.” (Quote from op-ed piece by Raghav Singh at ere.net).
Singh goes on to point out:
Underemployment and unemployment varies a great deal depending on the major. Not surprisingly, students who graduated with degrees in the sciences or other technical fields, such as accounting, are much less likely to be jobless or underemployed than humanities and arts graduates.
He adds that about a third of all college students major in fields that have very poor job prospects. Continue reading
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