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That's the way I interpreted it, too. A CS grad working at Home Depot stocking shelves or an accounting grad working at Starbucks would not count toward unemplo
by ryandrake 7mo ago
That's the way I interpreted it, too. A CS grad working at Home Depot stocking shelves or an accounting grad working at Starbucks would not count toward unemployment figures, but it's probably not what anyone would consider a properly-employed college graduate.
Sample size of <10, but a lot of my friends are at the age where their kids are graduating from undergrad recently, and pretty much zero of them are working in their field, and many are struggling to find anything at all, even retail or bartending.
- rootusrootus 7mo ago> probably not what anyone would consider a properly-employed college graduate Agreed, but wouldn't that be captured as 'under employment'? The stats are there for that, too, seems to be close to 20%.
- ryandrake 7mo agoYea, I'd call that underemployed. Does that mean 80% of recent college grads are employed in their area of study? I would be shocked if that were true.
- UncleMeat 7mo agoIt means that they are employed in a position that requires a college degree.
- mcmcmc 7mo agoUnderemployment in the Fed’s data is defined as working any job where at least 50% of people in the job field say you don’t need a college degree. So 80% of recent grads are working in jobs where the perception is you need a degree. Which with the insane requirements for entry level jobs could still be underemployment from a practical perspective