College grads can’t find work despite strong jobs report

The employment market has been going very well. This was also understood in the monthly employment report on Friday last week.

In raw data from the July report of the US Labor Statistics Bureau (BLS), parents may shake hands when writing a tuition fee check.

According to government unadjusted data, 56,771,000 Americans at least 25 years old graduated from college in July, compared to 57,260,000 in February.

Table A-4 of the Friday's report - from the same set of BLS data - the number of people with one university or associate degree in association decreased to 37,533,000 compared to 37,648,000 in February.

This may be simply a demographic change, that is, older people with higher education retire earlier than young people who have undergone university education enter the labor force.

Perhaps - but according to other government surveys, people are not retiring as much as we anticipated

By the way, I know that the unemployment rate in the US in July is the lowest level for the first time in nine years for the first time in several years The employment market of recent graduates has been reported to be quite stable.

Also, as I read my column at any time, I can see that I do not trust the statistics of the government, especially the statistics asking if I answer by calling home or calling home from home.

The number of college graduates of the labor force this summer is much less than at the beginning of this year.

Looking at what happened between January and February, it is hard to understand what is happening to people with university degree

In February, these educated workers increased by 375 million compared to January.

But this is the highest point in 2018. Since the team reached 57,260,000 workers in February this number steadily declined and is stable in today's place.

Who got all the work? This will kill the parents who write these tuition fee checks, but the winner is "High School Graduate, No University, Over 25".

The number of non-university junior high school students in July was 376,000 more than February, 973,000 more in July than September.

And if government investigation is accurate - and I do not believe them - this can explain why income increased by only 7% hourly income over the past 12 months

As a result, more than a quarter of university graduates have a job with low wages. In other words, only because the supply of university graduates exceeds the employment opportunities of graduates of the workforce as a whole, you earn less than $ 25,000 per year per year. Just as finding a needle in the hay of the hay, the job seeker is a needle and the employer is allergic to hay without a needle. Even if you are a lucky one to find work related to your research field, that person may hate your job. Last year, only 28% of the workers under the age of 25 were not satisfied with their employment. This may be due to the fact that nearly 75% of the employees are not fully engaged in work. Therefore, if you do some mathematics that does not make sense in practice and you mix some statistics, it means that over 100% of people are miserable or do not do anything.

Whatever career path is chosen, finding a good job no longer applies to American college graduates. Despite the economic benefits since the economic recession, university graduates are still struggling to find a job. According to the Economic Policy Research Institute, 17.5% of young college graduates are unemployed or part-time, 43.5% of undergraduate graduates under 27 do not need university degrees such as varistas or bicycle messengers It is. According to the data collected by the Economic Policy Research Center by the mid-1920s, only 50% of university graduates were traced expertly. This number of African-American college graduates dramatically decreased to 33%