According to the State Department of Employment Security unemployment increased in January in seven out of 12 metro areas in Illinois. Since January, unemployment in the Chicago area has increased from 9.5% to 9.9%.
With the unemployment rates in Chicago increasing, I am curious about the unemployment of recent college graduates. New Research from the Center for College Affordability and Productivity suggests that nearly half of the nation’s recent college graduates work jobs that don’t require a degree. The report concludes that while college-educated Americans are less likely to collect unemployment, many of the jobs they do have aren’t worth the price of their diplomas.
This data challenges the idea that higher education is better in our economy that favors college graduates.
President Obama supports this idea and has outlined a plan to increase the nation’s college graduate rate to 60% by 2020. However the question arises if Americans are becoming over-educated and preparing themselves for jobs that the economy is not in demand for.
I can relate to this because many of the jobs have I worked and the Job I am currently working for I am overqualified for. None of my previous jobs have required a college degree and I have not been able to put my educational skills to use that i earned from my degree.
Very few of my friends who have recently graduated are working in their field or putting their degrees to use. It would be interesting to look at what industries college graduates are getting into that they are using to put their degrees to use.