college graduates and unemployment garth banton. research description issues faced by college...

COLLEGE GRADUATES AND UNEMPLOYMENTGarth Banton

RESEARCH DESCRIPTION

• Issues faced by college students after they graduate

• What are the initiatives being implemented to solve these problems

• How it impacts a country’s economy

ISSUES FACED AFTER COLLEGE

Each year the amount on tuition rises for most colleges, increasing the possibilities of a student not being able to pursue a degree.

Most students rely on financial aid in assisting them with paying off loans, which leaves them in a lot of debt after college.

After leaving college with the stress and the heavy burden of paying of loans, they are welcome in a post job market where unemployment and unemployment is at a high.

COMPARING THE EMPLOYMENT RATE BASED ON EDUCATIONAL ATTAINMENT

CHART 1 CHART 2

May-14 Jun-14 Jul-14 Aug-14 Sep-14

73 72.7 72.4 72.2 72.5

3.2 3.3 3.1 3.2 2.9

Bachelors Degree Seasonal Ad-justed

employment population ratio unemployment rate

May-14 Jun-14 Jul-14 Aug-14 Sep-14

54.1 54.5 54.2 54.5 55

6.5 5.8 6.1 6.2 5.3

Associate Degree Seasonal Ad-justed

employment population ratio Unemployment rate

GRAPH SHOWING UNEMPLOYMENT AND UNDEREMPLOYMENT LEVELS

INITIATIVES BEING IMPLEMENTED

The government along with the labor department and many different business organizations large and small are joining hand by making major contributions to foster the initiatives for the improvement in the rate of unemployment and underemployment.

HOW IT IMPACTS A COUNTRY

America spent 320 billion on the unemployed in 2010 to aid in providing food and Medicaid.

The high rates of unemployment reduces gross domestic product, which is the amount of money a country makes annually.

Country’s will seek to borrow funding if necessary or will milk large organizations through heavy taxations.

COLLEGE GRADUATES AND UNEMPLOYMENTGarth Banton