Today's New York Times has an editorial on the job woes of the class of 2012. It's covers much of the same ground we did in yesterday's post on Gen Y and Seniors turning to independent work. Key quote from the editorial:
" ... underemployment for young college graduates, which includes the jobless plus involuntary part-timers and those who have given up an active job search, has averaged 19.1 percent. That is nearly twice the prerecession levels."
Even if young college grads have jobs, they often find themselves underemployed:
"Even full-time employment for many young graduates is a letdown. Research shows that nearly 40 percent of working recent graduates are in jobs that do not require a college degree, compared with roughly 30 percent before the onset of the recession in 2007."
Adding this up means 60% of recent college grads are unemployed or underemployed. Not good - and a key reason why increasing numbers of young adults are turning to independent work.