The Never-Ending Recession

Politics aside—Democrats can if they like entirely exempt President Obama from responsibility and fix all blame on the fast-receding Bush administration—isn't this latest statement from the Romney campaign a devastating indictment just in itself?

Last Year, More Than Half Of All College Graduates Were “Jobless Or Underemployed”:

“A Weak Labor Market Already Has Left Half Of Young College Graduates Either Jobless Or Underemployed In Positions That Don't Fully Use Their Skills And Knowledge.”

(Hope Yen, “1 In 2 New Graduates Are Jobless Or Underemployed,” The Associated Press, 4/22/12)

In 2011, Approximately 1.5 Million College Graduates Under The Age Of 25 Were “Jobless Or Underemployed, The Highest Share In At Least 11 Years.”

“About 1.5 million, or 53.6 percent, of bachelor's degree-holders under the age of 25 last year were jobless or underemployed, the highest share in at least 11 years. In 2000, the share was at a low of 41 percent, before the dot-com bust erased job gains for college graduates in the telecommunications and IT fields.” (Hope Yen, “1 In 2 New Graduates Are Jobless Or Underemployed,” The Associated Press, 4/22/12)

College Graduates Are Increasingly Underemployed Or Employed In Occupations That “Require A High School Diploma Or Less.”

“Out of the 1.5 million who languished in the job market, about half were underemployed, an increase from the previous year. Broken down by occupation, young college graduates were heavily represented in jobs that require a high school diploma or less.” (Hope Yen, “1 In 2 New Graduates Are Jobless Or Underemployed,” The Associated Press, 4/22/12)

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David Frum

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