44 percent of Young College Grads Are Underemployed
our education reporter, Updated On:23-Jul-2013
Yesterday, According to the report given by Federal Reserve Bank of New York in all 44% of the college pass out students do not have job as of 2012 that in colclusion give a gyst that although they are working in their respective organization that donot demand for their degree.
Its true and even sound little terrible but in actual way its a good news for the students exclusively.
Reports like the Fed's have helped fuel a good deal of post-recession soul searching about the value of a college degree, with lots of writers asking currently for the new versions if available.White House budget director Peter Orszag posed in a Bloomberg column this week: "Why are so many college graduates driving taxis?" Sub in bartender, barista, or whatever other low-paid service job you like, and you've captured the concern that's on a lot of people's minds.
Its very unfortunate as far as historical domain is considered. It comes in a Panorama thatMany number of colleges having youngsters have been degraded in tje past eras. But it's less clear whether that's because the value proposition of college has fundamentally changed, or if it's because the economy got fed through a wood chipper during the recession and we still haven't picked up all the pieces. The economical issues occuring because of this is responsible for all these issues evn in different different domain.
The issues with in the Report makes us upset onthe other scenerio if considered. The curvy graph indicates that the unemployment rate among new college graduates tends to lie more or less in a step with unemployment among all working age youngs. The situation they are going from is not particularly unique. They're having in a fix in finding work.