These are some great articles about the difficulties faced by young graduates in the job market today. I have included the links and the best out of them.
College grads upended by unemployment
“The most recent unemployment rate was nearly 6 percent for people 27 years and younger with a bachelor’s degree or higher, or nearly double the rate of just two years ago, according to an analysis by the Washington-based Economic Policy Institute. And according to the National Association of Colleges and Employers, an organization of career counselors, employers say they will hire 22 percent fewer college graduates than last year.”
Recent graduates finding jobs hard to get and hard to keep
“Average salary offer to a 2009 bachelor’s degree graduate: $48,515
Average salary offer to a 2008 bachelor’s degree graduate: $49,624
More than two-thirds of employers said the economic situation forced them to re-evaluate their college hiring plans.
Percent of graduates who applied for a job and had one by graduation:
2009: 19.7 percent
2008: 26 percent
2007: 51 percent61 percent of 2009 graduates say they see the economy as an impediment to getting a job.”
Job Hunt Even Tough for College Graduates
“Usually it’s three phone calls, three job offers, and off you go,” she said.
The 45-year-old Woodbridge, Va., resident made her three phone calls. Then three more. But she still had no leads. For the first time since she graduated from college in the 1980s, she scoured help- wanted ads. She sent out more than 150 resumes and posted one on Craigslist under the heading, “I desperately need a job.”
College Graduates Tackle Dismal Job Market
Blake Taylor, a senior at Catholic University in Washington DC, expected to be an accountant when she graduates this May. But then her fortunes changed.
She had a job offer that was rescinded because the company says it’s no longer hiring.“It’s hard; it’s definitely hard,” she said. “When they told me, I definitely felt like I had the air kicked out of me and now, I was just like, ‘Ok, I’m at square one again.’”
Commencing unemployment
Although still better off than their peers without a higher education, young college graduates face challenges unique to their age and situation—it is likely that they have considerable debt from financing school, have had no time to build up savings, and, if looking for their first job, are not eligible for unemployment benefits.

Unemployment Snapshot


