The recession did a lot to hurt the job market for management all the way to the recent college graduate. Some of the damage caused still lingers, or at least the effects do, and some say that this will be continuing trend, a hallmark of the first part of this century.
The Bureau of Labor Statistic estimates that in January of 2008 there roughly 677 thousand unemployed new entrants to the civilian job market in the US, that number rose rapidly during the great recession with a high of roughly 1.4 Million around March of 2012 which supposedly after the “official” part of the recession was now over. Today, about 1 Million new entrants remain unemployed. [...]
PayScale, Inc., a provider of salary and compensation data and services to employers has released its annual College Salary Report for the 201-2015 academic season.
“Prospective college students are being asked to make critical decisions about their financial future without all of the necessary information,” said Lydia Frank, Editorial Director, PayScale. “If students understand a bit about their future earning potential before making choices about where to attend, what to major in and how much to borrow, they’ll be in a much better position financially once they graduate and enter the workforce.”
PayScale expanded the breadth of data in the 2014-15 College Salary [...]
It’s a question proponents of higher education can’t escape these days as millions of degreed Americans struggle with unemployment and underemployment after college graduation. In response, federal agencies are taking serious measures to address the financial aspect of “worth” by holding colleges and universities responsible for a visible return on investment.
President Obama wants to improve college affordability through a universal ratings system, which would classify schools based on tuition, graduation rates, average student debt and post-graduate earnings. Reactions to the proposed ratings are mixed and heated, though arguably not as [...]