Make It A Truly Happy Graduation Day
From: Dick Meister
Graduation time is here, but, contrary to conventional wisdom, high school and college graduates can't be sure of finding good jobs - or jobs at all - despite their education.
It's that grand time of the year for high school and college seniors. Time for graduation. Time for them to enter the world of full-time work. Conventional wisdom insists their education will enable them to find good job opportunities and financial rewards.
A new report by the Economic Policy Institute (EPI) shows, however, that recent graduates are generally having far more problems with the job market than conventional wisdom would suggest.
The basic economic facts make that all too clear. Consider these EPI findings :
*About one-third of high school graduates aged 17 to 20 are unemployed and more than half are underemployed – involuntarily working only part time or holding jobs that don't require skills they've learned in school. The rates for African-American and Latino graduates are particularly high.
*As for college graduates, about 10 percent of them are jobless, about on...
Read the full transcript
Intro and OutroINTRO:
Commentator Dick Meister takes a look at the actual job prospects for today's high school and college graduates.OUTRO:
Dick Meister is a longtime labor journalist and former college instructor.