According to a report from Time.com, nearly 4 out of 10 ‘young people’ are now underemployed. Underemployment refers to those working part-time when they need full-time employment, or those not making a full use of their skills.
This of course is an epidemic in today’s America where the job market isn’t as strong as the talent being pumped out by Universities and Colleges around the nation. Entry-level positions are no longer truly entry-level, in the sense that the require experience in the form of real-work experience, or internships.
From the article:
“From 2000 to 2010, mal-employment (underemployment) rose by 9.3 percentage points for college graduates between the ages of 20 and 24. Nearly 4 out of 10 young people I that group are now underemployed, and humanities and liberal-arts graduates fared the worst as a group.”
As the data continues to show, it’s time to make use of learning as many skills as you can to make yourselves marketable to employers. And as we like to preach here on the blog, time unemployed is not a vacation.
While the article on Time.com focuses mostly on English, and liberal-arts majors, this is an epidemic that is affecting many young Americans today.
Unfortunately with the Government shutdown, the most recent data available is that of August, and no September reporting will happen.
In August, the report showed that 13.7% of Americans fell into the U-6 category of unemployment. U-6 unemployment being; “Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.”
As the official unemployment rate continued to fall in recent months, it never paints the full picture of the flaws that are truly hurting America today.
At Crossroads Consulting, though we are geared more towards the executive level as an executive search firm, helping everyone outside (and in) the labor force is our mission. If you’re an entry-level college graduate, we can help you with your resume and your interview skills with a strong focus on what employers today want to see.
If you’re in our target market as an executive, we want to hear from you TODAY. We promise that there are jobs out there, and understand that they can be tough to find. We currently have nearly 50 job openings that we are looking to fill today, and we want to hear from you.
Remember at Crossroads Consulting, we’re putting the ‘human’ back into ‘human resources’
(Photo courtesy of Blog.Latism.org)