Recent college graduate students have higher joblessness rates than the rest of the nation. The recently graduated have a lot to contend with already. On top of everything else, unemployment for them is 50 percent higher than the national average. A smaller and less likely pay day is what grads have to look toward.
Fewer pay day opportunities for recent grads
Recent college graduates have one of the highest unemployment rates in the nation. It is really hard for young people in general to discover work. Those aged 20-24 consist of 15 percent of the unemployment rate. Thinking about the national average is only 10 percent, a 15 % unemployment rate is a huge number for a single age group. Because of these, college grads are finding themselves taking lower pay than they are worth and lower jobs than they’re capable of just to survive this economy. The average student loan debt is over $24,000, causing their investment in school to take considerably longer to pay off than it should. Applying for loans until paydays has become more common with debt that high.
This doesn’t indicate the end
College graduates can do a few things to boost their chances of being hired for a decent pay. For instance, taking some time to edit one’s resume so it emphasizes the unique strengths a person has will always help. Also, 70 percent of employment opportunities come from networking, so using the contacts that one has is an absolute must. Fraternities and sororities really do have other purposes behind them than just partying. Don't skip out on job fairs or your student employment center either.
Struggling more with the American Dream
Those trying to reach the American dream are finding it more difficult than ever. More Americans are getting saddled with more and more debt just to make a decent living these days, and it’s no wonder people are having to run for cash advance loans.
Articles cited
USA Today
usatoday.com/money/perfi/tips/2010-11-25-job-serching-skills-graduates_N.htm
Payday for college grads might not be as good as thought
Current college graduates consist of one of the highest unemployment rates in the nation. It is really hard for young people in general to find work. Those aged 20-24 consist of 15 percent of the unemployment rate. Considering the national average is only 10 percent, a 15 percent unemployment rate is a huge number for a single age group. College grads are starting lower on the food chain with less pay than their abilities and education give them just to work with an unemployment rate that high. The average student loan debt is over $24,000, causing their investment in school to take much longer to pay off than it should. Taking out loans until paydays is becoming more common with debt that high.
There really is still hope
College graduates can do a few things to boost their chances of being hired for a decent pay. For instance, taking some time to edit one’s resume so it emphasizes the unique strengths a person has will always help. Over 70 percent of employment is from a connection to someone somewhere, so get the word out, take to people, don't just sit behind a computer spamming your resume to anyone. Fraternities and sororities really do have other purposes behind them than just partying. Going to the student employment office and job fairs is a good idea, too.
The American Dream is just out of reach for some
The American Dream is taking more work than it ever has before to reach. The amount of debt Americans are incurring just to survive is making it obvious why so many people have to live off of a payday loans.
Information from
USA Today
usatoday.com/money/perfi/tips/2010-11-25-job-serching-skills-graduates_N.htm
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