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Read carefully - this is jobs at the time of graduation. This statistic has always been fairly low (regardless of year). Look at how many have jobs by the end of 2009 and it will be what we all expect it to be.
Shame on ABC for publishing a statistic like that with such a misleading title.
It took me 7 months to find a job in 2003 when I graduated. Companies aren't hiring people with experience. Why would they hire somebody w/o experience?
Read carefully - this is jobs at the time of graduation. This statistic has always been fairly low (regardless of year). Look at how many have jobs by the end of 2009 and it will be what we all expect it to be.
Shame on ABC for publishing a statistic like that with such a misleading title.
It doesn't matter when you start your job. When you graduate you fill out an exit survey and you tell them whether or not you have a job and optionally how much you are making. That's where these statistics usually come from.
I graduated in 08, and luckily got a job a week before I walked. If you read the article the job rate out of school was ~25% for my class, and ~50% in 07. It's atrocious, and I know several friends who went to the same school as me (RIT), have very good grades and some decent internships under their belt (a lot of majors require co-ops to graduate), and still can't find work. It's true the 6 month after school rate will go up, but it's still going to be really bad. There's a massive glut of workers competing for jobs that my class didn't have to compete with nearly as much: people who didn't get jobs from last years class, laid off workers, people re-entering the workforce due to budget concerns, and people putting off retirement.
(Edit) Extra Note: For those of you saying this is misleading, this is a pretty standard statistic to look at. If you want to get a feel for how things have changed, look at the year to year changes in it like how I mentioned above. Dropping from 50% to 20% in 2 years is bad no matter how you look at it.
It doesn't matter when you start your job. When you graduate you fill out an exit survey and you tell them whether or not you have a job and optionally how much you are making. That's where these statistics usually come from.
I graduated in 08, and luckily got a job a week before I walked. If you read the article the job rate out of school was ~25% for my class, and ~50% in 07. It's atrocious, and I know several friends who went to the same school as me (RIT), have very good grades and some decent internships under their belt (a lot of majors require co-ops to graduate), and still can't find work. It's true the 6 month after school rate will go up, but it's still going to be really bad. There's a massive glut of workers competing for jobs that my class didn't have to compete with nearly as much: people who didn't get jobs from last years class, laid off workers, people re-entering the workforce due to budget concerns, and people putting off retirement.
(Edit) Extra Note: For those of you saying this is misleading, this is a pretty standard statistic to look at. If you want to get a feel for how things have changed, look at the year to year changes in it like how I mentioned above. Dropping from 50% to 20% in 2 years is bad no matter how you look at it.
It is misleading because the article was not clear what the statistic represented. I find that 20% number very hard to believe. I graduated in '08 and the majority of my friends had jobs within 6 months. Last year 94% of grads from my college (small liberal arts school) had jobs within 6 months of graduation. I know one school is not a great indicator of national trends, but my point is there are still many schools out there with great career services departments.
are you sayng that that for a 4 year degree 80% got ripped off on the student loan? no job?
not to mention the 50% that flunked out and still had to pay the loan?
people go to college so they can get a job right? sounds like rip off to me.
i am for jr college or military VE, my favorit is RN
debt free education
Read carefully - this is jobs at the time of graduation. This statistic has always been fairly low (regardless of year). Look at how many have jobs by the end of 2009 and it will be what we all expect it to be.
Shame on ABC for publishing a statistic like that with such a misleading title.
six months after graduation would be a more meaningful time to take a measurement, granted. but even so...
Quote:
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.
are you sayng that that for a 4 year degree 80% got ripped off on the student loan? no job?
not to mention the 50% that flunked out and still had to pay the loan?
people go to college so they can get a job right? sounds like rip off to me.
i am for jr college or military VE, my favorit is RN
debt free education
Hopefully learning and personal growth factor into why people go to college more than a job. If you want school purely to get a job, find a trade school. The point of college is education, not job preperation.
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