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It’s a Rough Job Market for College Grads in 2014

Accenture, a global leader in management consulting, has published their 2014 College Graduate Employment Report. The employment prospects for recent college grads are still quite bleak.  Even amongst those who graduated in 2012 and 2013, steady and fruitful employment has not yet been acquired by most. Here are some of the highlights:

• 26% of 2012/2013 college grads are making less than $19,000
• 13% of 2012/2013 College Grads have been unable to find a job since graduation
• 46% of 2012/2013 grads are underemployed in 2014, a 5% jump since last year
• 42% of 2012/2013 college grads are living at home w/parents
• Only 21% of employed 2012/2013 college grads are earning more than $40k

Clearly, the lingering affects of... Read More »

Moving In With Mom and Dad After Graduation

Yesterday's Baltimore Sun reported on the epidemic of college grads moving back in with mom and dad after graduation.  A survey of the Class of 2010 college graduates reported that 7 out of 10 will move in with parents after graduation. But more significant than the short-term inconvenience of living at home again is the real struggle to find a job and start an adult life. Read More »

More Troubling Stats about Shape of Job Market for College Grads

Job news is bad all over, but most discouraging for this year's college grads.  Business Week is reporting both statistical and anecdotal snippets in a report on the job market this week.  At commencement, only 33% of Harvard's Class of 2010 had job offers, many of them at positions with low levels of responsibility and wages. Unemployment among people under 25 years old was 19.6 percent in April, the highest level since the Labor Department began tracking the data in 1948. And scariest of all is the story of Matt Grant: Read More »