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[IWS] ARE RECENT COLLEGE GRADUATES FINDING GOOD JOBS? [January 2014]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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
[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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