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.
- Share:
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."
Story Source:
Materials provided by Drexel University. Note: Content may be edited for style and length.
Cite This Page: