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The Recession Continues to Impact Grads

More depressing news about the job market for recent college grads was recently released in a study, Chasing the American Dream: Recent College Grads and the Great Recession  The report’s findings include:

  • About 50 percent of recent grads are employed full time and another 26 percent part-time
  • The median salary for women is $28,000; for men $30,000.
  • 60 percent of graduates took a job paid by the hour. The median hourly wage was $10.23
  • Internships while in college earned nearly 15 percent higher salaries for grads on average — $30,000 versus $26,000 —than those who did not undertake an internship.
  • A combined 57 percent of recent grads said that they wished they had been more careful about choosing a major or had taken more classes to prepare for a career.
  • While about three-fourths of those surveyed believed they were accepting permanent positions, just 2 in 10 saw their first job as being on their career path.
  • The vast majority (80 percent ) of those who found employment landed their first job either while they were still in college (44 percent) or within the first six months after graduating.

The study was conducted by the John J. Heldrich Center for Workforce Development at Rutgers University, drawing on national sample of 450 college graduates who completed their degrees between 2006 and2011.

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