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College Graduates and Unemployment

Shocking Truths About the Underemployment of College Graduates

OnSugar blogger Beauty and the Budget shares the shocking unemployment statistics of college graduates.

As a teenager, it seemed as though the next few steps in my life were going to be easy. You go to college and you get a job. That's what all of the older kids did. What I didn't know was that I would graduate college one year after the recession began and that my dream job would be even harder to grasp, much less finding a job with a good salary and benefits.

Since graduation, I have not been able to find a job that pays more than $10.50 an hour. Even though I have liked my jobs, that doesn't mean I am not financially stressed. I have around $40K in student loan debt — and that's even after receiving a $10K scholarship. Sometimes I feel like I could have skipped college altogether considering I have worked jobs that don't even require a college degree. On the optimistic side of things, I still feel like getting a college degree is a good idea. I just wish I'd have known then what I'd be getting myself into and that I wouldn't just magically graduate with a good job.


Read on for more.

If you're finding yourself in a similar situation, and I know a lot of you are, you'll be incredibly surprised at these shocking facts about the underemployment of college graduates today. Read on, beauties!

  1. There are 2 million recent college graduates that are currently unemployed.
  2. There are 317,000 waiters and waitresses in the US today with college degrees.
  3. Nearly 25 percent of retail sales associates have college degrees!
  4. About 365,000 cashiers have college degrees.
  5. All in all, 17 million college graduates were underemployed in 2008!

However, I don't want to be a total Debbie Downer today. Instead, I'd like to offer you a bit of hope by saying, "You are not alone!" There are millions who are disgruntled about their student loan debt and the current unemployment rates. I know it's hard, but use this time to prime yourself for a better career. Take on side projects at work that interest you, take a small second job that you might enjoy — like working at a florist or your favorite boutique.

The best advice I can give you is to always have attainable goals laid out for your future so that you don't lose all hope. Trust me, if you lose sight of who you are and where you eventually want to be in life, then the current economy can really take a toll on you! Don't let things get you down. Use this time to build yourself up mentally and prepare yourself for your dream job! I need to remember this just as much as you do, but we won't get anywhere if we just quit!

Want to see more? Start following OnSugar blog Beauty and the Budget or start your own OnSugar blog for a chance to be featured on the PopSugar network.

Image Source: Thinkstock
Join The Conversation
Megatron Megatron 5 years
I am in the exact same boat, but it turned out to be a blessing in disguise. I ended up taking a job at a hotel and finding my career calling. Financially stressed, though? You bet.
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