May 12, 2014
HIGHER EDUCATION BUBBLE UPDATE: How Bad Is the Job Market for the College Class of 2014? “So to sum it up: Today’s crop of new B.A.s are staring at roughly 8.5 percent unemployment, 16.8 percent underemployment. Close to half of those who land work won’t immediately find a job that requires their degree, and for those stuck in that situation, there are fewer “good” jobs to go around. Welcome to adulthood, class of 2014.”
How’s that hopey-changey stuff workin’ out for ya? Meanwhile, as should be obvious, it’s going to be hard for colleges to sustain tuition growth in this environment.