Originally posted on Recruiter.com December 25, 2013.
The Most Expensive Piece of Paper you Own
Ah your degree, so much blood, sweat and Bartons went into obtaining that important documentation of your educational journey. Sleepless nights of studying and doubles at Applebee’s finally got you to the degree promise land where jobs were to be plentiful and pay was to be high. Many of us got to the top of the mountain, only to find a lack of resources and opportunity.
Our parents and educators pushed us to and through the higher education process because for centuries, a higher education was paramount to a great job, fantastic pay and benefits. Well, as it turns out, there were a whole lot of parent and educators pushing for the same thing. In a Graphs.net infographic on the history of job boards, we find some interesting numbers on Monster.com, one of the largest job boards in the world. It turns out that over half (52%) of job seekers on Monster.com have a bachelor’s degree and 24 percent have masters or doctorate degrees. It doesn’t take a college degree to realize that there are a whole lot of educated folks looking for employment.
According to the Bureau of Labor and Statistics, the current national unemployment rate is 7.4 percent, the lowest it’s been in almost 5 years. College grads aren’t getting a bite of that upswing though. Recent college graduates are experiencing an 8.8 percent unemployment rate. Read more…