We’re officially in a recession, meaning GDP, or the total value of goods produced and services provided in the US during a single year has declined for two consecutive quarters. The world economy is expected to contract by 5.2% this year—the worst recession in 80 years—but the sheer number of countries suffering economic losses means …
Tag: Underemployment
Delayed Economic Vitality
As the Class of 2020 commences, into what economic state do they commence? As reported by Courtney Weaver in the Financial Times on May 28, 2020: With US unemployment at its highest level since the second world war and the country still grappling with the economic fallout of coronavirus, university graduates are watching start dates …
Middle Class Wealth Erosion Set to Continue
The above chart depicts that the wealthiest and upper middle class have not only regained their wealth previous to the 2008 recession, but gained greater wealth, at the expense of the middle class and poorest classes. And, now, middle class and poorer families are facing an even greater economic downturn that has yet to be …
More Economic Difficulties for Gen Z and Millennials
Graph courtesy of The Wall Street Journal Current college students, many who find themselves at home though would rather be finishing their school year on college campuses around the country, will be confronting along with their older colleagues who graduated college in 2019, 2018, a possibly more complicated problem that of protracted unemployment. In addition, …
Why a College Degree May Not Be a Guarantee of “Wealth” and Prosperity
Hat Tip: Whatever It Takes to Never Give Up, Doug Noland Related PostsUnderstanding “Why College?” Is More Important Than Ever Ahead of the Curve: October 29, 2013 Common Application Essays Part 4: Defining Prompt 2
Got Jobs?
Since many attend college in search of “The Golden Ticket”, AKA “a good job”, the above map can give needed information about employment opportunities to both high school seniors and soon-to-be college graduates. With more information about the greatest potential employment in a particular location, students can consider if they’d move somewhere, apply to a …
College Degree = Value, Right?
Financial security, or the promise of lifetime employment, is often a reason for choosing to attend college. However, recent income and employment trends may give college-bound students pause to further contemplate their expectations of job security with a college degree. 44% of today’s college graduates are underemployed, meaning they don’t need a college degree for …
More on U.S. Employment
Presented for those of you wondering why new college grads are having a difficult time finding employment: The employment rate has been improving lately, but not nearly as much as the unemployment rate http://t.co/X52OksfI0v pic.twitter.com/Pjx8mS9AMV — Real Time Economics (@WSJecon) February 7, 2014 Related PostsDoes My Kid Have Even the Slightest Chance to Get Accepted? …
Ahead of the Curve: February 7, 2014
From Our Clients: SAT and ACT Prep: Each day, I talk with at least one parent concerned that their kid is not doing enough preparation for the SAT or ACT, who asks for advice how to motivate their kid to practice SAT and ACT questions. For most teens, the intention to prepare for the SAT …
Caution: For Soon-to-Be-Graduated College Students
As the chart shows, 18% of college graduates are currently living with their parents. In addition, unemployed college graduates are more likely to live at home (45% vs. 29%), Related PostsUniversity of California Responds to Creative Marbles Consultancy The …