Lack of jobs for college graduates Essay Example | Topics and Well Written Essays - 1250 words

Lack of jobs for college graduates - Essay Example Consequently, this has affected a large number of young college graduates. Moreover, this acts as a way of making many graduates loose hope. Most of these graduates work hard in their school lives and use more amount of resources in order to get a good college education and respectable jobs. However, after graduation the reality strikes that only a few jobs exist for the large number of graduates entering the job market. Various graduates who majors in areas of studies also face these challenges. The finance major students have faced an example of such challenge. The state is expected to last for a time due to the current nature of United States economy. Analysis of the unemployment rate in United States helps in highlighting challenges faced by college graduates such as Joblessness, getting low income, failure to repay loans. The poor economic nature that is taking place in the country is making college graduates lack jobs. The poor economy started in December 2007 (Shierholz, Sabadish and Finio, 1). The government response to the poor state of the economy has been weak and slow. Consequently, the jobs become fewer for those getting out of college. For example, there lack over 8 million jobs and the unemployment rate has risen to a high of 7 percent as compared to the previous years (Shierholz et al. 1). In fact, the unemployment rate has risen to a rate that was not even experienced in The Great Depression. The weak labor force continues to affect young workers especially those graduating from college. â€Å"The March unemployment rate of workers under age 25 was twice as compared to the national average† (Shierholz et al. 1). However, there has been a rise in the number of available jobs, but the availability is yet to satisfy many graduates. As a result, the ability to get jobs for young high s chool and college graduates remain