Employment After The Recession
Career College Central summary:
Four of five students who graduated college in 2008 were able to find some sort of employment in the four years after their graduation, despite entering the work force during the worst of the economic recession, a federal report shows.
Eighty-three percent of bachelor's-degree recipients who were not enrolled in another degree program were employed in some fashion, with about 85 percent of those students working in one full-time job. Eight percent worked in one part-time job, while another 8 percent had multiple jobs.
"This is a snapshot of the depths of the recession," said Anthony Carnevale, director of Georgetown University's Center on Education and the Workforce. "This data comes out of the deepest hole we've had since the Great Depression. They measured the economy when it was near rock bottom. The fact that employment rates were as high as they were is pretty damn good."
The report, compiled by the U.S. Education Department's National Center of Education Statistics and released today, is based on data from the second follow-up of the 2008 "Baccalaureate and Beyond Longitudinal Study." The data reflects the experiences of about 17,110 students. The students who were surveyed attended a mix of public, private, and for-profit four-year institutions.
Four years after graduation, 6 percent of the students were enrolled in another degree program, and 11 percent were employed and enrolled at the same time. Seven percent were unemployed, and 8 percent were out of the labor force and not looking for work.
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