Obamanomics: 50% Of New College Grads Unemployed/Underemployed


How’s that HopeyChangey crappola working for ya?

(AP) The college class of 2012 is in for a rude welcome to the world of work.

A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don’t fully use their skills and knowledge.

Young adults with bachelor’s degrees are increasingly scraping by in lower-wage jobs – waiter or waitress, bartender, retail clerk or receptionist, for example – and that’s confounding their hopes a degree would pay off despite higher tuition and mounting student loans.

An analysis of government data conducted for The Associated Press lays bare the highly uneven prospects for holders of bachelor’s degrees. (snip)

About 1.5 million, or 53.6 percent, of bachelor’s degree-holders under the age of 25 last year were jobless or underemployed, the highest share in at least 11 years. In 2000, the share was at a low of 41 percent, before the dot-com bust erased job gains for college graduates in the telecommunications and IT fields.

There is simply way too much contained within the article to excerpt, but, suffice to say, those who have graduated over the past few years are learning the extent of pure miserable failure they voted for in 2008, and that miserable failure has rebounded straight back. The guy they thought was the Lightbringer, the Messiah, The One, told them what their college activist ears wanted to hear, but they never took the time to transition from “fired up and involved” to “hey, would his policies actually work?”

One more thing to point out

On the other end of the scale, the southern U.S., anchored by Texas, was most likely to have young college graduates in higher-skill jobs.

Hmm, so, places that tend to be good Red states work best. Make sure to read the whole thing, which should, of course, be blamed on Bush. Or Palin. The TEA Party. ATMs. China. Tsunamis. But not Obama.

Crossed at Pirate’s Cove. Follow me on Twitter @WilliamTeach.

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