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News, Student Debt

US News “Graduates having difficulty finding jobs”

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Stacy Bengs / for the Journal Sentinel

Ali Johnson said she will go to graduate school if she can’t find a job in her field by December. She said she never expected she would have to move back in with her parents after college.

By William D’Urso of the Journal Sentinel”

“Ali Johnson graduated from the University of Wisconsin-Madison in December with a degree in biomedical engineering. Now she’s back home – living with her parents, working as a prep cook for a cafe in Red Wing, Minn., and still hunting for a job in her chosen field.

“It’s hard. You never expect to have to move back in with your parents,” she said. “It’s stressful.”

While there have been some modest signs of improvement over the past few months, statistics show the employment situation for college graduates and other young adults remains difficult in the aftermath of the recession. According to the U.S. Bureau of Labor Statistics, the unemployment rate among 20- to 24-year-olds rose steadily from 8.2% in 2007 to 15.5% in 2010.

It has improved slightly over the last few months, to 14.5% in June…”
US News
Original Article:
http://www.jsonline.com/business/125724763.html

It’s not just the US. This is a global agenda.

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