Outlook for college grads improves (employment, apply, degrees, unemployment)
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Employers plan to hire 19% more new graduates this year than in 2010, according to a survey by the National Association of Colleges and Employers. That means students were more likely to have offers as they head toward graduation. Among college seniors who applied for positions, the survey said, 41% had an offer this year, up from 38% last year.
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To be sure, graduates still face one of the worst job markets in decades, with unemployment at 9% nationwide. The jobless rate for college graduates between the ages of 20 and 24 was 6.4% in April, down from 7.1% a year earlier, according to the Labor Department. That's still relatively high for new graduates. In April 2007—just before the recession began—the jobless rate among recent college grads was 3.5%.
and what you studied makes a big difference
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Meanwhile, some degrees are far more valuable than others. Computer science, accounting, economics and engineering majors were in high demand this year. English majors struggled and the market for education graduates was particularly dire amid state and local budget cuts.
Meanwhile those convinced that college is waste of time can go be one of the 100,000 who apply for McDonald's.
All those who romanticize the trades and consider college a waste of time should think about what it's like to be 55 and on a roof in the middle of winter because that's your only option.
Its getting better, but 1 year comparisons are always flawed, as its like being a 1-15 NFL team. You win 3 next year, whoopee, 200% better in the win column.
Correct, Gatornation, both before and after the recession, education and unemp rate have maintained normal ratios. 4.5 was around 3 before recession, but the 15 pct < hs grad rate was 10 before the recession.
Money Magazine had the most recent college graduate unemployment rate at 4.5%
I believe in the benefit of a degree, but that still seems off to me...but hey, if it's true that makes me very happy.
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