Friday, January 17, 2014
43% of 2009-2011 college graduates in the sciences work in fields where a degree is not required
a very interesting paper on the difficulties of new college graduates in finding positions. Their conclusions:
- It is typical, even in past years, for new college graduates to have higher levels of unemployment or underemployment.
- "That said, both unemployment and underemployment have
followed a clear upward trend for recent college graduates over the past two decades, and particularly since the 2001 recession. In addition, it has become more common for underemployed college graduates to find themselves in low-wage jobs or to be working part-time."
- Unemployment and underemployment rates
differ markedly across majors.
What I find really disturbing about the chart to the left is the number of graduates in the sciences who are working in fields where a B.S. is not required. 43%! That's a big number -- that's more than 2 out of 5 graduates. And for all of us who like to make jokes about "would you like fries with that?", we're not doing all that much better than the social sciences (48%) or liberal arts graduates (52%).