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Recession-era graduates face a bleak labor market and the possibility of becoming unemployed or underemployed as the economy continues its jobless rec...
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D.s sake was doing everything right.
-- which -- George Mason University.
Studying.
Computer science and economics.
-- -- -- whose science major cannabis and from there.
Went straight into a graduate program he was active on campus and had a strong G -- doing cause I -- Me myself and officer for.
For a fellowship program lives.
You know four dollars -- -- groups.
He got real world experience through internships and continued on to get a master's degree in public policy from George Mason university and graduated in 2011 with -- hope -- economic and legislative policy.
But -- a year in -- job -- he has yet to find full time employment.
I've created.
Will.
A chance.
Angeles -- members of -- president created lists.
Over thirty different variations -- -- resonate tailored to specific jobs.
And despite it all.
So far you know mobile is much.
Goes out there and they don't give you call bad.
Unfortunately David story isn't unique the Labor Department reported the national unemployment rate stood at seven point 7% in November.
But for those -- just funny it's -- for.
Every set at an elevated twelve point 7% as college graduates struggle to find full time employment and find -- stock and -- career holding pattern.
-- -- the longer away.
And -- were keyboard it -- and hurt me.
Because I feel like you know my professional -- into -- trophy.
And -- labor market during tough economic times have long lasting effects including reduce wages over a lifetime.
Fewer opportunities for advancement.
And higher chance of being unemployed later in line.
People who got are wrong star.
Who came out in the recession took that job a couple levels below what they want to do our job that didn't fully utilized there's deal.
That will cost them over -- much as twenty point 5% they will however do a lot better than people with less education.
Depending on their major you know I'm some place excuse old guard point seven and I thought that by this points -- be.
Pretty much to fear.
Paying my own way maybe -- starting a family or something like that.
Bucks in my current stance side still of my parents.
The best -- to do is.
Working puts -- dollars an hour at a grocery.
Everything -- university survey shows just half the students who graduated in 2006 and 2011 are working full time.
But the unemployment picture for minorities -- even more bleak.
Department reported that unemployment rate for African Americans.
1% November.
Eleven point 9% for Latinos.
You know that working experience is very valuable any kind of work experience.
For future career readiness and repeatedly to move -- and provide fortunately in the future.
So even young people just out of high school are just out of college need that first job to be able -- -- -- -- career path.
One thing that's unique to Hispanic youth is that a large portion of them contribute to their own nuclear family's income was the work that they do outside.
And for this reason.
The ability for Latino -- to get that first job where that second job after school.
-- between classes at college is vital to family income overall.
The real.
Issue for people who have been coming out of college in 2007.
And over the next few years.
Is that they need to be very careful.
About the jobs they they can about the majors -- -- in college.
They need to realize that what they do in college what they study will largely determine what they're gonna do after breakfast for the next 45 years.
And -- whereas fifteen or twenty years ago any college degree was pretty much.
And access that card for a whole lot of employment.
The relationship between the economy and college degrees is much more specialized now.
To get more people into the work force small business owners are petitioning the government for tax breaks that they say will incentivize them to start hiring.
But Carney -- says the government could do more.
Quality.
Harsh realities in our current situation.
Is that clearly over the long term over the next fifty years we need to reduce government -- -- And we need to raise taxes to pay -- spending plan.
But in the short term.
We've got a problem -- -- job creation so we need temporary stimulus to get the economy going again for foxbusiness.com.
I'm Catherine bath.
