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Posted May 07, 2019 by

Massive unemployment still exists amongst high school and college graduates

The U.S. Department of Labor’s Bureau of Labor Statistics recently released some fascinating — and depressing — statistics on the state of the job market for students, drop-outs, and recent graduates of the nation’s high schools, colleges, and universities. The findings may surprise you.

Historically, most high school graduates did not go to college. The trend over the past few decades, however, has been that more and more are going to college. By October 2017,

66.7 percent of 2018 high school graduates age 16 to 24 were enrolled in colleges or universities. That increased 3.6 percent to 69.1 percent by October 2018. To those of us who value education, that’s a great thing. But to those of us who also value converting that education into a great career, the report contained some bleak news: only 72.3 percent of 20- to 29-year-olds who received a bachelor’s degree were employed, meaning that the unemployment rate for that cohort is about 7.7 times the April 2019, national unemployment rate of 3.6 percent.

Want some more highlights?

  • More women are in college than men. About 66.9 percent and 71.3 percent of men and women, ages 16 to 24, who graduated from high school are enrolled in college.
  • High school drop-outs are far less likely to work or even be looking for work than those who graduated. Among 16- to 24-year-olds, 47.2 percent of recent high school dropouts were working or looking for work, as compared to the labor force participation rate of 74.0 percent for recent high school graduates not enrolled in college.
  • A majority of young adults are in school. Only 42.8 percent – 16.3 million people – between the ages of 16 to 24 were not enrolled in school.
  • More graduates of two-year colleges are employed than graduates of four-year colleges. Among 20- to 29-year-olds, 75.0 percent of recent associate degree recipients, 72.3 percent of recent bachelor’s degree recipients, and 80.7 percent of recent advanced degree recipients were employed. Maybe that’s why 20 percent of recent bachelor’s degree recipients age 20 to 29 were enrolled in school.
  • Of those graduating from high school, those of Asian descent are 15.4 percent more likely to enroll in college than those who are black. The college enrollment rate of recent graduates was 73.4 percent for Asians, 69.6 percent for whites, 65.5 percent for Hispanics, and 63.6 percent for blacks.
  • About one-third of college students are also employed or looking for work. The labor force participation rates for male and female graduates enrolled in college were 37.3 percent and 35.5 percent, respectively.
  • Very few high school grads who enroll in college attend part-time. Some 90 percent were full-time students. Not surprisingly, only 32.5 percent of full-time students were in the labor force but twice as many – 74.3 percent – of part-time students were.
  • Four-year colleges are still the draw. Some two-thirds of high school grads enrolled in college attended a four-year colleges. Of these, 31.4 were also working as compared to 44.9 percent of those in two-year colleges.
  • Of the 37.9 million between the ages of 16- and 24-years of age, 21.7 million (57.2 percent) were enrolled in high school (9.4 million) or in college (12.3 million).
  • More than a million college students a year graduate with a bachelor’s degree.
  • Between January and October 2018, 1.1 million 20- to 29-year-olds earned a bachelor’s
  • degree; of these, 810,000 (72.3 percent) were employed in October 2018, making the
  • unemployment rate of 12.9 percent about 3.6 times the national, unemployment rate of 3.6 percent in April 2019.
  • The likelihood of graduating from college and being unemployed was virtually the same between men and women: 71.6 percent of men and 72.8 percent of women who recently earned a bachelor’s degree were employed in October 2018. The jobless rates for recent male and female bachelor’s degree recipients were 13.6 percent and 12.5 percent, respectively.
  • The job market for those with master’s and higher degrees was definitely better than those with associate’s or bachelor’s degrees. Between January and October 2018, 352,000 persons age 20 to 29 earned an advanced degree. Some 80.7 percent of recent grads with advanced degrees were working, as compared with 72.3 percent of those with bachelor’s degrees. In October 2018, the unemployment rate for recent advanced degree recipients was 10.4 percent.
  • Of the 374,000 20- to 29-year-olds who completed an associate degree between January and
  • October 2018, 75.0 percent were employed in October 2018. The unemployment rate for recent associate degree recipients was 9.6 percent.
Posted August 12, 2015 by

Finding Your Career Path

a magnifying glass hovering over several career fields, centering on the words Find Your Career

A magnifying glass hovering over several career fields, centering on the words Find Your Career. Photo courtesy of Shutterstock.

In each country, there is a relatively high unemployment rate among the younger generation. Many complain about their inability to find a job. Or worse, they don’t know what they want to do with their life career-wise. They are ill-prepared for dealing with the real world. Australian Treasurer Joe Hockey made comments about people solving their financial problems by just getting a good job. How can people qualify or pitch themselves to get a well-paid job?

More often than not, we find many of the younger generation going onto benefits programs or drifting along in life with no sense of direction. To overcome this obstacle, parents, teachers and mentors must strive to provide clear advice and direction to the emerging generations so that they can gain clarity on their purpose in life. Essentially, ‘where it is they fit in the world!’ Now often the younger generation has their sights set on becoming rich and famous by becoming a sports or music star. And even though it is a credible career choice, there are only a select few who will qualify to have a professional career in those chosen fields. (more…)

Posted July 20, 2015 by

Paper Resumes Are So Last Century: How to Stand Out in the Job Hunt Today With a ‘Not-Com’ Domain

Digital Online Domain Internet Web Hosting Working Concept

Digital online domain internet web hosting working concept. Photo courtesy of Shutterstock.

Competition for jobs and internships can be fierce, especially among millennials. Despite improvement in the job market, the unemployment rate is at 14 percent for 18- to 29-year-olds.

Ouch.

So how do you stand out from this crowded field of job seekers?

Talent and tenacity aside, your digital brand is paramount. Gone are the days of paper resumes and phone calls to prospective employers. It’s all about how you present your resume and portfolio online. (more…)

Posted March 30, 2015 by

Cloud Computing Skyrockets with Job Opportunities

Camile Sardina photo

Camile Sardina

Unemployment down 5.5 percent, tech industry a main reason

Heads that are high in the clouds about landing a job should look no further than cloud computing itself.

According to a Bureau of Labor Statistics report, 295,500 U.S. jobs were added in February alone, bringing the unemployment rate down by 5.5 percent. Out of the 295,500 new jobs, 51,000 of them were in the professional and business service industry (second largest gain after food/beverage industry), tech consulting being at the top of the industry to land a job, with the majority of 7,000 out of the 51,000 career additions. (more…)

Posted February 05, 2015 by

College or Entrepreneurship: The Pros and Cons

Taylor Johnson photo

Taylor Johnson

The Millennial generation is turning out to have a high entrepreneurial drive. According to an oDesk study, 72% of Millennials want to quit their jobs and strike out on their own, and 61% of them plan to do so within two years.

Who can blame them? The New York Times reports that “for the first time in modern memory, a whole generation might not prove wealthier than the one that preceded it.”

It’s no wonder why Millennials feel compelled to strike out as entrepreneurs. They feel a keen social and class awareness (we are the 99%!), watch movies like The Social Network, and know that their jobs won’t lead them to great wealth. Millennials know that entrepreneurship may be their only route to making a comfortable amount of money. (more…)

Posted December 22, 2014 by

5 Reasons Why Graduate School is Worth the Effort

Young graduates standing in front of university building on graduation day

Young graduates standing in front of university building on graduation day. Photo courtesy of Shutterstock.

Earning a degree is almost a necessity in today’s technology-filled world. But, is just earning a bachelor’s degree sufficient? Some say no and feel a master’s degree is necessary while others feel graduate school is a waste of time and money. Here are five reasons why graduate school may just be worth the effort. (more…)

Posted October 28, 2014 by

The Job Search Episode I Social Media, Social Sleuthing, and the Force

Not too long ago in the job search universe…

It is a period of great change and uncertainty. Job searchers, graduating from prestigious universities, have been given the task of locating a job when the current unemployment rate of the US is 5.9%.

Before the search commenced, job searchers discovered a method to increase the likelihood of job search success, SOCIAL MEDIA; digital platforms that have helped “1 out of 6 job seekers” locate careers.

Competing for a few positions in their chosen fields, The Job Searchers race to Twitter, LinkedIn, and Facebook, social platforms that can help them connect with businesses and allow them to land that dream job with the following methods… (more…)

Posted August 25, 2014 by

College Students, Want to Pay Less for a Higher Education that Will Help You Find Jobs in the Future? Try Online Learning

Getting a higher education can help college students find jobs in the future.  For anyone looking for a more affordable way to learn, online learning may be the answer according to the following post.

With college becoming extraordinarily expensive, many college prospects and their parents wondering if a post-high school education is really worth it. Sadly, many folks enrolled in higher education studies in hopes of bettering their life and their financial outlook, but ultimately ended up in a much deeper hole than before thanks to

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Posted April 02, 2014 by

Graduation is Looming: 7 Tips to Begin the Job Hunt

Close up of smiling female college graduate holding her certificate

Close up of smiling female college graduate holding her certificate. Photo courtesy of Shutterstock.

Walking across the stage and earning your college degree is quite the accomplishment, considering 66.5 percent of Americans ages 25 to 29 don’t have a college education. But just as you shake the dean’s hand and walk off stage, you enter a new world that’ll present you with rewarding opportunities and tough challenges — the workforce. Although the national unemployment rate has dropped from its high in 2009 of 10 percent to today’s 6.7 percent, finding a job isn’t as easy as studying for a final the night before and passing it.

With that said, here are seven tips to help you begin your job hunt on the right foot. (more…)

Posted March 21, 2014 by

College Students, About to Graduate without Securing Entry Level Jobs? 5 Tips for Your Job Search

College students, don’t be too discouraged if you haven’t found entry level jobs as you prepare to graduate.  Remember these five tips in the following post as you continue your job search.

According to a survey by the Economic Policy Institute, the unemployment rate for 2013 college grads sits at 8.8 percent. While the economy is improving, soon-to-be college grads entering the job market may feel apprehensive about finding work after they walk across that stage. Don’t spend your remaining college career, and the summer, dwelling in your

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