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Where the Jobs Are for Young Grads
By Lauren Bayne Anderson
If you’re young and fresh out of college, you’re unlucky enough to be graduating into one of the toughest job markets in history.
But one economist aims to answer the question so many recent college graduates have: where can people like me find a job?
Mike Mandel, the chief economist at Visible Economy LLC, compiled the data from analysis of the Current Population Survey – the same survey that the government uses to calculate the unemployment rate. He looked specifically at where young college graduates (aged 25-34) have found jobs over the past year.
What did he find? Some places are better than others—way better. At the top of the list? Hands down: Government jobs, which provided 107,000 new jobs for young graduates over the previous year. In second place is “technical services”, which includes such industries as law, accounting, computer systems design, and management consulting.
Mandel writes on his blog that government jobs are good for a number of reasons—not just because they’re hiring.
“Government has been the main hirer of young college grads over the past year. And why not?” he said. “Government jobs are safer, they pay well, and have better benefits than the private sector.”
But Mandel says it’s not that these industries are necessarily hiring more workers, they’re just hiring better educated workers. “These industries as a whole have not been expanding, or expanding only slow–but they have been shifting towards better-educated workers,” Mandel said.
What’s the WORST place to look? Finance, Insurance and Real Estate has lost 70,000 jobs for young graduates over the previous year, and manufacturing has lost 46,300.
But what may be even more distressing is another category that is picking up young college graduates like crazy: hotels and restaurants. An indicator that many college graduates are only finding work outside of their chosen career paths.
“We hear anecdotes about young college grads being forced to work as wait staff in restaurants, and here’s one indication that might be more common than we would like,” Mandel said. “The number of young college grads working in hotels and restaurants is up 33K over the past year.”
To read more and see a complete breakdown of industries, visit Mandel’s blog here.
kbonete316
over 2 years ago
6 comments
Can I just say I am astonished by everyone's comments right now? All this time, I thought I was the only one going through this rollercoaster of the recent college graduate woes. I have comfort knowing I am not the only person going through this point of my life right now. I am a recent college grad with a degree in Psychology and really have not found a government job that fits with my experience or major. So... it's tough EVERYWHERE we go, but at least we all have each other, right? Even considering going back to school since this economy is down the hole still...
Dealmaker2010
over 2 years ago
4 comments
Get into sales. Sales is always hiring. Then, work hard.
Environfreak
over 2 years ago
2 comments
This is BS. We need to have robots do all of our work for us (which we have the technology for), get rid of this "economy", and distribute resources amongst all individuals in the world. It may sound communistic, but I would much rather every person live life to the fullest and have everything they NEED than kicking people while they are down and expecting the middle class to buy, work, and run the entire industry for those lazy slobs at the top. Wake up AMERICA!!!!
ejones07
over 2 years ago
2 comments
I have a Bachelors in Health Administration, and 20 years of health care experience and can not find a job, I am working in a bowling alley as a cook for less than minimum wage!
I can not even get an entry level job.
Aiyieeeee
over 2 years ago
8 comments
Graduated this year. Degree is pretty useless. It's not for any specific field, which is a double negative. Been applying for Government Jobs as a fallback. Nothing. Been on meetings with people in the government to get inside help, and was pretty much guaranteed a pass to the interviewing level and STILL nothing.
I've given up on the Government. Given up on anything worthwhile and have succumb to regular avereage joe positions being as I have no job and my family is supporting me.
But yay! I have job interviews for At&T, Blockbuster and freaking BABYS 'R' US! ('-')
Life sucks and it feels good not to care anymore. Try it.
nmmiddle
over 2 years ago
4 comments
@niecyep, thank you for the comforting words :) it's hard to wait but you're right. we will all get something eventually!
lovedale28
over 2 years ago
2 comments
I graduated 1 year ago with a master's in business from a known university and still no luck. The article says about government jobs and I have been applying for govt jobs for almost 1 year . I never got any response from the govt. I also got into a lot of job scams but fortunately I escaped before falling into their traps and lose $500, $1500 etc from my own pocket. Most of the scams are in the financial adviser industry, management trainee, marketing, sales and business analyst industry. The victims are mostly entry level students and graduates, unemployed people with not much experience or people who came from a foreign country. The only jobs that are available today are doing sales for a minimum wage or scam other people or you can be a soldier in U.S military! Which one do you want?
cwalz5
over 2 years ago
2 comments
its going to take longer than 6 to 12 months.. i have been out of college for almost 2 years now.. with so many students having to work at jobs that are outside of their field and often for much less than what they would earn if they were in their field the next question is how they can be expected to pay back expensive college loans and work to become independent from their parents if they are lucky enough to have parents who are willing to support them
niecyep
over 2 years ago
2 comments
This inofrmation doesn't provide hope just dispair. Most college graduates need to know that they are twice as likely to secure a job before someone without a degree. The job search will take time (6 to 12 months), but they will eventually obtain employment. Don't be discouraged if you don't find a job in your specific major or if the positions in your major don't pay well. Take the job and keep searching. Some income is better than none at all. Save as much as you can. Your Big Break will come. PATIENCE, little grass hopper ;)
nmmiddle
over 2 years ago
4 comments
I graduated with an accounting degree in May and still haven't had much luck finding a job. It's terrible out there! Wish me luck though, I am maintaining a positive outlook!! Great article!
tmcglorthan
over 2 years ago
2 comments
looks like i'll be looking for a job in government... but I wonder what this will mean for the folks in my generation in the coming years (those who graduate college between 2008-Present) what will the economy and workforce look like with manual labor jobs being distributed to overqualified young college grads who would normally be in search of an entry level position to get them through the door, allowing them to eventually move up the corporate ladder. I think that because of the current economic climate many people of my generation including myself who are actively looking for steady suitable employment are also making waves in business entrepreneurship by increasingly working to develop small businesses and non-profit organizations consulting firms and the like in our spare time. This is what happens when you have hundreds of thousands of unemployed college graduates with a wealth of knowledge and time on their hands who have been forced to make due with the pathetic resources they've been dealt... in the long run I think we can expect a very unique and incomparable workforce one that is not only competitive but creative youthful and optimistic as well... in other words I feel our generation will definitely prevail but I don't think it'll be because of a magical increase in jobs in either the private, government or other sectors but because of the flourishing and gentle development of the entrepreneurial spirit
Frank_Ball
over 2 years ago
19756 comments
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