College Graduates

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How would you feel if you spent four years learning and training and preparing for a job only to find out that the position has either been filled or no longer exist? To top off your terrible experience you realize you paid twenty two thousand dollars to prepare for your nonexistent job. This is a hard truth facing many college graduates in today’s plummeting economy. College graduates of today face many difficulties in the job market whether it is finding a job that pays a suitable wage; or finding one that puts their education to work, or in many cases, finding a job at all.

Now obviously employment rates are going to be higher for younger people who have their college degree rather than people who don’t, but job prospects vary by major. The area of your degree depends on your chance for employment. Architecture majors face the highest downfall since the construction industry is not booming as much as it used to, 13.9 percent, of all 22- to 26-year-olds with bachelor's degrees. Unemployment is higher among graduates who have a degree in non-technical fields of study, such as art, humanities, and liberal arts. Graduates who have studied either health or education though only have an unemployment rate of 5.4%.

Starting salaries for those who find jobs are lowering than in the past. The median starting salary for students graduating with a four year degree has dropped
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over %10 in the last two years without even bringing inflation into account. In 2009 and 2010 the starting salary was $27,000 for students with a four year degree. That is down from $30,000 for those who entered the work force from 2006 to 2008. “Of course, these are the lucky ones - the graduates who found a job. Among the members of the class of 2010, just 56 percent had held at least one job by this spring, when a survey was conducted.” According to John J. Heldrich Center for Workforce Development at Rutgers University.

A large number of college...