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Generation U: Too Many Underemployed College Grads

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Recent college grads today face some of the worst job prospects since the great depression.

A survey by the Associated Press found that over 50 percent — about 1.5 million — are either unemployed or in jobs that don’t require a college degree. The AP survey found that recent grads were “more likely to be employed as waiters, waitresses, bartenders, and food-service helpers than as engineers, physicists, chemists, and mathematicians combined. There were more working in jobs such as receptionists or payroll clerks than in all computer professional jobs. More also were employed as cashiers, retail clerks, and customer representatives than engineers.”

The only category of grads that saw gains was those with advanced degrees — 98.3 percent of job gains were realized by those with advanced degrees.

SOURCE: ere.net