Underemployed or Unemployed? You Are in Good Company.
Class of 2012 is having a tough time finding jobs survey reveals.
High unemployment continues to take its toll on the workplace, but for the class of 2012 the outlook is especially bleak. Many will find jobs, but some will be forced to take positions below their level of training and knowledge. These findings are the result of an analysis of government data conducted for the Associated Press and released on Monday.
Few experts have expected that this year’s graduating class would have an easy time finding work, but surveys such as those conducted by the National Association of Colleges and Employers and shared by SayCampusLife in March 2012 have been indicating that this year’s class will see the best job outlook in the past four years. But, “best” doesn’t mean “great” as the NACE survey shows improvement over three very off years.
The AP analysis sees many of today’s grads taking jobs as bartenders, wait staff, retail clerks and office help to make ends meet. Many will have to begin paying back their student loans six months after they graduate with quite possibly insufficient funds to handle debt in the tens of thousands of dollars.
Where the Jobs Are
Some grads will fare quite well as they accept their degrees in coming weeks. Demand for grads with degrees in computer science, nursing, accounting and teaching should be good, but for those majoring in art history, the humanities or science, the opposite seems true. Even teaching jobs may not be so easy to come by as many states face further cuts in education.
More than half or 1.5 million bachelor’s degree holders under the age of 25 in 2011 were unemployed or underemployed, statistics the AP received from a Northeastern University population survey, a Duke University study and a Washington think tank. The three groups pulled U.S. Department of Labor data to support their findings.
The AP analysis found that grads in the Mountain West region, the Pacific Coast and in the rural southeast U.S. will have the toughest time finding work related to their degrees. Those in Texas, however, are most likely to land a higher-skill job this year.
Job Finding Tips
For any student graduating this year, there are some steps you can take to ensure that everyone knows about your availability. Those steps we’ve previously outlined in our article, “4 Job Finding Tips for New Grads,” offering practical advise for new grads everywhere.