“There are now 40 or 50 graduates chasing every job in the market.” (Source.)
Martin Birchall, managing director of High Fliers, which specializes in graduate recruitment research, admits that the situation is “bleak”. “We have a massive, massive oversupply of graduates,” he says.
What’s a college degree worth today?
Just 20 percent of graduating U.S. students who applied for jobs have one, according to a survey by the National Association of Colleges and Employers in Bethlehem, Pennsylvania. That’s down from 51 percent in 2007. (Source.)
Unemployed Grads NOT Counted among the “Unemployed”: With graduates flooding out of the colleges and universities with dim prospects for employment you might think that unemployment would increase. It won’t. If you’ve never had a job, then, according to Federal lies statistics, you are not counted as being unemployed. To U-3 and U-6 we propose a new category: U-Lose. (Source.)
Devil’s Workshop: Alert observers note that sweeping political changes often start with protests led by upset college students with idle time on their hands.