IWS Documented News DAILY POSTINGS

IWS Documented News Service

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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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Federal Reserve Bank of New York

Current Issues in Economic and Finance, Vol. 20, No. 1

ARE RECENT COLLEGE GRADUATES FINDING GOOD JOBS? [January 2014]

Authors: Jaison R. Abel, Richard Deitz, and Yaquin Su

http://www.newyorkfed.org/research/current_issues/ci20-1.html

or

http://www.newyorkfed.org/research/current_issues/ci20-1.pdf

[full-text, 8 pages]

According to numerous accounts, the Great Recession has left many recent college graduates struggling to find jobs that utilize their education. However, a look at the data on the employment outcomes for recent graduates over the past two decades suggests that such difficulties are not a new phenomenon: individuals just beginning their careers often need time to transition into the labor market. Still, the percentage who are unemployed or “underemployed”—working in a job that typically does not require a bachelor’s degree—has risen, particularly since the 2001 recession. Moreover, the quality of the jobs held by the underemployed has declined, with today’s recent graduates increasingly accepting low-wage jobs or working part-time.

Includes numerous Charts....

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