Each week on The Real Recovery we're going to ask a big question - and then spend the week figuring out the answer with your help. For next week - we're looking at those entering the job market for the very first time.
If a tenth of America is unemployed - how hard is it going to be for recent college graduates to get jobs? For college seniors who expect to graduate in 2010? From the National Bureau of Economic Research: "The Career Effects Of Graduating In A Recession":
Graduating in a recession leads to large initial earnings losses. These losses, which amount to about 9 percent of annual earnings in the initial stage, eventually recede, but slowly -- halving within five years but not disappearing until about ten years after graduation.
Starting Monday - we're going to focus on college graduates. Here's how you can get involved:
Are you a college senior?: Post a story on The Real Recovery about your job search. Do you have something lined up? Are you just trying not to think about it?
Did you graduate this year?: How's it been out there in the job market? Have you been able to find work?
Did you graduate years ago?: How was your experience in the economic climate you had? How does it compare to today's?
You can post your story to Current by clicking the "Post a Story" button on The Real Recovery group page and then just start typing!
And also, if you want to get involved as an investigator - send me a message on Current.
From the News Blog: http://blogs.current.com/news/2009/11/06/recession-and-the-college-graduate-the-...
NBRE source link: http://www.nber.org/digest/nov06/w12159.html
What's The Real Recovery?: http://blogs.current.com/news/2009/11/04/the-real-recovery-a-collaborative-inves...
Image: http://www.zimbio.com/pictures/TwNobChX8WT/Miami+Dade+College+Hosts+Career+Fair
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- groups:
- The Real Recovery, News, Culture, News_Featured, 2 more
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- afitzgerald
- added this
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The recession is over! Welcome to the depression.
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- JonRaymond
- 14 days ago
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So glad I've had a job since I was 13 and now I have a college education in addition to my real world experience. And to think, I was a little irked with my parents for instilling work ethic and real life experience in me.
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It's times like this that I'm kind of glad I waited to go to College. If the recession really is over, then hopefully there will be something out there for me after I graduate. I'm already working a dead end minimum wage job, luckily I'm not drowning in student loans too.
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I went back to school because my electrical engineering degree did not lead to a job. I work full time at the university in California I am attending as a custodian. I am graduating with my degree in Civil Engineering in December of 2009, as well as with a minor in business and math. My overall G.P.A. is over 3.0 and my major G.P.A. is 3.49. I have worked full time throughout my education and I have a solid work history. Because I paid for most of it myself and through fee waivers offered to university employees, I have very little in debt. Still, among the two hundred firms I have submitted my resume and perhaps 100 jobs applications fill out in three countries(USA, Canada, Australia), not a single call back for an interview, much less a job offer. I am willing to relocate anywhere for a job. There is supposedly a shortage of civil engineers, but I sure don't see it. At least I have a full time job now and I am very thankful. However, they have put us on notice for layoffs and we already have furloughs.
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i am a recent college grad working in a job i love but that requires absolutely no education. sorry sallie mae, that 50 grand will have to wait.
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- sugarlilly
- 14 days ago
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I graduated this past May and applied for part time and full time jobs. After months of being rejected by employers for not having work experience because I was earning a college education at the time, I started working as a part time host at a restaurant. I recently picked up another part time job so now I'm working two part time jobs to meet bills. Hopefully I get accepted into grad school next year.
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The first term I learned on-the-job after college was "reduction in force". It was a rude awakening. I finished graduate school in a recession and it took 18 months to find a full-time, regular job. After 15 years in a nice office, I'm looking again, but instead of living at home I have a mortgage to pay. Life is cyclical.
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The question right now is.. Is a college degree worth it? would you rather go out and break a leg, try new waters? hmm I'm not sure. I plan to attend NAU next semester but is it worth collecting all that debt after? I want to teach abroad so i personally don't have a choice. but for the rest of us kids... what to do!? It really sucks. This is a time for great innovation and imagination. We are losing a lot of jobs overseas, and i keep hearing about how my peers in school are just getting dumber by the year. Is america crumbling under itself? I live in a rural area so ive seen the dumbest shit you can see/hear come from american people.
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I am 2009 graduate and I must admit things are hard, it's tough to maintain confidence levels at this time. But I have kept active with youth projects and one of our responses to the recession was this video.
http://current.com/items/91240936_austerity-don-t-re-invent-the-blitz.htm
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The recession is over, welcome to the Oppression
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- s0uthc0ast
- 11 days ago
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