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No improvement in job market for young college grads, some deterioration, new report reveals

Date:
June 20, 2012
Source:
Drexel University
Summary:
Even as the job market has rebounded over the last two years, the employment prospects for young college graduates have continued to deteriorate, according to a new report. Rather, even during this period of net job creation, young college graduates saw their employment rates fall at the same time as their mal-employment rates increased.

Even as the job market has rebounded over the last two years, the employment prospects for young college graduates have continued to deteriorate, according to a new report by Dr. Paul E. Harrington and Dr. Neeta P. Fogg, labor economists in Drexel University's Center for Labor Market and Policy. Rather, even during this period of net job creation, young college graduates saw their employment rates fall at the same time as their mal-employment rates increased.

The report reveals that there was a sizable decline between the winter-spring of 2007 and 2012 in the proportion of all young college graduates who worked in a college labor market job; a decline from 54.1 percent to 43.9 percent among 20- to 24-year-olds and 63.9 percent to 56.7 percent among 25- to 29-year-olds. A sizeable part of these declines occurred in the jobs recovery period over the last two years.

"The promise of an economic return to a college investment is, at its most fundamental level, found in the labor market," said Dr. Harrington. "The ability of young Americans to prosper through investments in human capital has diminished as access to jobs that utilize the skills, knowledge and abilities developed in college has declined."

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Story Source:

The above story is based on materials provided by Drexel University. Note: Materials may be edited for content and length.


Cite This Page:

Drexel University. "No improvement in job market for young college grads, some deterioration, new report reveals." ScienceDaily. ScienceDaily, 20 June 2012. <www.sciencedaily.com/releases/2012/06/120620132928.htm>.
Drexel University. (2012, June 20). No improvement in job market for young college grads, some deterioration, new report reveals. ScienceDaily. Retrieved September 2, 2014 from www.sciencedaily.com/releases/2012/06/120620132928.htm
Drexel University. "No improvement in job market for young college grads, some deterioration, new report reveals." ScienceDaily. www.sciencedaily.com/releases/2012/06/120620132928.htm (accessed September 2, 2014).

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