Gloomy chart for you all to ponder (I feel for my seniors). The shaded areas are the periods of recessions. When will the discouraged workers effect kick in?
(H/T: Bureau of Labor Statistics)
(H/T: Bureau of Labor Statistics)
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The job market of the future is slowly turn into a crisis we will have to deal with. I feel that the employmeny(or the lack there of) might have a silver lining. New college graduates may seek to get back into school at the graduate level due the reality if a barren job market. A post graduate degree offers the stability of higher salaries when done and will allow students to seek refuge and wait out this period of joblessness. If giving the option of discouraged worker or graduate student i think most students will choose the latter. I am curios to see the enrollment level of masters program in the next four years. if their is an increase its corelation can be proved
ReplyDeleteI think many seniors are already discouraged before even looking for jobs. I am a junior and already am thinking about how hard it is going to be for me to find a job a year from now, and wondering how long it will take. I am also hoping jobs start opening up by then! But discouraged worker-syndrome probably applies alot to adults who have been laid off as well as college graduates. It is probably a shock to suddenly have no job to wake up for in the morning, and to have to spend your days searching for somewhere that will hire you. And if they do find another job, there's a good chance it may not be as good of pay as the last one, or they may be over-qualified for it. That is definitely discouraging.
ReplyDeleteI think it is even discouraging for college students to look for a summer job, let alone seniors looking for a full-time, year-round job.
ReplyDelete-Shannon O'Lone
I agree with Walton. I believe many people will try to go back to school to boost their chances of getting a job. Hopefully this period of increasing unemployment will end soon enough for the people who decided to go back to school to reap the benefits of their education.
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