Sunday, February 28, 2010
Discouraged College Graduates Dropping Out of Workforce 'In Droves,' Says Study
This article says that young people looking for jobs face about 19 percent unemployment. College graduates are facing a time where there is just no room for them in the job market. College graduates are faced with doing odd jobs and babysitting to keep up with bills. This is causing great discouragement among these young workers: "Since the recession began 25 months ago, EPI says 1.3 million young workers have dropped out of the job hunt." This will cause problems in these individuals wages and occupational paths.
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This article is very depressing and I hope there is a change before I graduate.
ReplyDeleteI didn't actually find this article as depressing as some of the other news I have heard about the job market. It seems to portray a lot of the problems and issues in a unpleasant, but hopeful perspective. Also I do not see how our age group could be leaving the labor force "in droves" without parents of considerable income that are willing to put children up indefinitely, a fairly rare phenomenon.
ReplyDeleteI agree with jakep. i think that even though our age group has really high unemployment rates, many people in this age category ahve the support of trheir parents. Plus,a ccording tor ecent news rate of joblessness among all groups should decrease in the spring- due to a better weather conditions.
ReplyDeleteI think what Ramiz indicated does not affect the job market in the long run, I think the seasonal change is a very short run outlook and won't be reflected as a withstanding decrease in joblessness over time. But, I don't find the joblessness of college grads currently as something we have to worry about, as employers look for college grads to replace older employees to cut labor costs in this tough economy.
ReplyDeleteI do not think that the 19-percent unemployment rate among the young Americans is too worrisome, since it also includes people without a college degree. Moreover, the unemployment rate for those holding a Bachelor's degree or higher (25 years old) is only around 5 percent. Although this number does not exactly represent our age group, I think it still to some extent deliver an encouraging message to college graduates.
ReplyDeleteI'm not that worried about it either. And it kinda indicates that our generation is going to go through more job changes than our parents' generation.
ReplyDeleteI think that there's still hope for us, I think many companies will soon begin hiring again because a recovery is underway. Younger individuals just tend to be at a disadvantage during times of recession because the competition for jobs is so stiff, and employers are looking for people with better qualifications and more experience.
ReplyDeleteAs the economy continues it's recovery, I hope that firms will try to expand and hire more. These are dire work conditions to enter however we must also look at the fact that firms would always prefer to hire younger employees for a lower salary rather than hiring higher-up positions. I think many of us will be in the position to last longer in our jobs compared to past trends such as the baby-boomers era so hopefully many of us will be able to find long-lasting jobs.
ReplyDeleteEntering the job market during the recession is tough but it is all part of a business cycle. The job market is very tight at the moment and it is not allowing specialized workers to get their ideal jobs which is leading to their discouragement. As we know things will turn around eventually and hopefully the right jobs will open up for the skilled workers that happened to be unemployed right now, or even worse the ones that are not in the labor force at this moment.
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