Monday, June 28, 2010

Few Jobs for College Graduates; 80 Percent Move Back Home

Few Jobs for College Graduates; 80 Percent Move Back Home

by Jeff Davis

Most young Whites in college are hoping to graduate, find a job, earn a good salary and get on with their lives. Well, most will graduate, but the part about getting a job is where most will run into a brick wall.

The Baltimore Sun reports: “A survey of last year’s college graduation class showed that 80 percent moved back home after getting their diplomas, up significantly from the 63 percent in 2006. The CollegeGrad.com survey of 2,000 young people showed that seven in 10 said they would live at home until they found a job. Now, as another class of graduates — the 2010s — move into the job market, the economy is still rough. A good number are still searching from the class of 2009, said Guy Davis, director of the career center at Towson University. He said only about 20 percent had jobs lined up at graduation, with a fair number looking at graduate school. The 14.7 percent [official, cooked figure] unemployment rate for those ages 20 to 24 remains double what it was in 2007, recent Bureau of Labor Statistics figures show, and is 50 percent higher than that of the overall population.”

California and Florida recently reported record high official unemployment at almost 13 percent each. We all know this number only counts people who are applying for unemployment, and not the people who have used up their unemployment paychecks, many of whom have also lost their homes by now. The real unemployment is most likely around 20 percent if not higher. The percentage of unemployed college graduates is not 14.7 percent. That’s the percentage of people in that age group who qualify for unemployment benefits. Students who go straight from high school to college are completely off the official unemployment radar. If you want to base unemployment for college graduates on whether or not these people are getting jobs in their field of study, the unemployment would be 80 percent. About 10 percent of students have jobs that they’re using to pay their way through college, and these students with jobs as waiters or the sales guy at Best Buy are probably considered “lucky” compared to their classmates. At least they don’t have to suffer a prolonged stay back home, often with step-parents and half-siblings. Businesses simply do not hire new people when the economy is hopelessly stagnant.

Thanks to competition from millions of illegal aliens, these college graduates have little chance of even getting the traditional fast food jobs. If they live in Los Angeles, they can forget about getting a McJob. The illegal aliens will be firmly squatting on those.

The Sun article continues “During recessions, there is a less likelihood of household formation, said Gary Dean Painter, a professor of real estate economics and planning at the University of Southern California. Research shows many people chose to stay at home or double-up with roommates, he said.”

Millions of people have their lives literally on hold for months if not years as Obama bungles the economy. Many college graduates have a $100k in student loans hanging over their heads. If some jobs do finally start materializing for college grads, remember that White people will have to wait for the Latino and Black quota-hires to get the first choice of jobs, and then several years of graduating classes will be competing against each other for whatever few jobs may turn up.

The damage which has been done to the entire American way of life by Barack Obama and the Democrats is immeasurable. From the apparently endless racial quota and Affirmative Action programs (which do nothing less than discriminate against us Whites based on our race) to the cancellation of the manned space program, which ends the dreams of many Whites that they might work on the first manned mission to mars or even to be the first astronaut to go to mars. Those days are gone. We are entering a period in which widespread poverty will be the norm. Going to college will seem increasingly pointless. Tent cities and shantytowns will increasingly surround the big cities of America, much like South Africa or Kenya. Perhaps it’s appropriate that we have a Kenyan president since we’re rapidly acquiring a Kenyan economy.


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SOURCE: http://www.davidduke.com/general/no-jobs-for-college-graduates-many-stay-at-home_18562.html

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