Contact Us

Shaky Job Market Awaits College Grads [AUDIO]

The employment outlook will be a bit brighter for college graduates this year, if statistics keep moving in the same direction.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

College Graudation
Scott Olson, Getty Images

The U.S. Department of Labor reported this week that the recent unemployment rate for 2013 four-year college graduates was 10.9 percent, down from 13.3 percent reported last year for 2012 grads.

While the 2013 figure is the lowest since 2007, it’s still a far cry from where it was before the Great Recession began.

Carl Van Horn, director of the John J. Heldrich Center for Workforce Development at Rutgers University, said the nation has regained roughly all the jobs it lost during the economic downturn, but the labor market is much larger today, and it gets bigger with every graduation ceremony.

“There’s just more people in the economy,” he said. “You still don’t have enough jobs to fulfill the needs of everybody who wants one.”

Many of the young grads who do land a job, meanwhile, are struggling to find the same type of success they would have had in the past. Van Horn noted a lot of graduates are taking temporary positions and ones that may not even require a college degree.

“They’re earning less money, and this means that as they start their careers, they’re in a sense starting behind,” Van Horn said. “They’re essentially a victim of a bad luck of timing.”

Van Horn suggested the investment into college is still worth it, though, because folks with a college degree are better off than those without one.

Best of WOBM

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for WOBM Listener Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive WOBM Listener Club contests, events, coupons, presales, and much more delivered to you for FREE.