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Last year, the unemployment rate for college graduates age 24 and younger rose to 9.4%

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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-11 08:56 PM
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Last year, the unemployment rate for college graduates age 24 and younger rose to 9.4%
http://money.cnn.com/2011/05/17/news/economy/recession_lost_generation/?section=money_latest

America's Job Hunt

The Great Recession's lost generation

By Chris Isidore @CNNMoney May 17, 2011: 5:30 PM ET

NEW YORK (CNNMoney) -- The brutal job market brought on by the recession has been hard on everyone, but especially devastating on the youngest members of the labor force.

About 60% of recent graduates have not been able to find a full-time job in their chosen profession, according to job placement firm Adecco. snip

O'Halloran's experience is not unique. Last year, the unemployment rate for college graduates age 24 and younger rose to 9.4%, the highest since the Labor Department began keeping records in 1985. snip

And the lack of steady income can also delay the start of their lives as independent adults. About a third of recent graduates are still living with their parents, Adecco found, with 17% saying they are financially dependent on their parents. Almost one in four say they are in debt.

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