Half of new grads are jobless or underemployed


Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured by the Associated Press and 12 additional publications April 23, 2012

From the AP:
David Neumark, an economist at the University of California, Irvine, said a bachelor's degree can have benefits that aren't fully reflected in the government's labor data. He said even for lower-skilled jobs such as waitress or cashier, employers tend to value bachelor's degree-holders more highly than high-school graduates, paying them more for the same work and offering promotions. In addition, U.S. workers increasingly may need to consider their position in a global economy, where they must compete with educated foreign-born residents for jobs. Longer-term government projections also may fail to consider "degree inflation," a growing ubiquity of bachelor's degrees that could make them more commonplace in lower-wage jobs but inadequate for higher-wage ones.

Original link not available. Instead see http://www.msnbc.msn.com/id/47141463/ns/business-stocks_and_economy/#.T5...

Also ran in:
        MSNBC
        Charlotte Observer
        Daily Sparks Tribune
        Dallas Morning News
        Desert Sun
        Huffington Post
        Kingsport Times-News
        Manteca Bulletin
        Tampa Bay Online
        Tuscaloosa News
        USA Today
        Tasley Eastern Shore News

Monday, April 23, 2012