Opinion | Class of 2024, The Job Market Is Tough

Last Updated on April 30, 2024 by Robert C. Hoopes

It’s a common belief that obtaining a college education will open doors to lucrative and fulfilling career opportunities. However, recent reports suggest that many college graduates may find themselves facing a harsh reality when it comes to finding job opportunities that align with their education.

According to a report conducted by The Burning Glass Institute and Strada Institute for the Future of Work, a shocking statistic reveals that 52% of college graduates are underemployed a year after graduation. This means that more than half of these graduates are settling for jobs that do not require a college degree.

What’s even more concerning is that many of these graduates who start in non-degree jobs end up staying in those positions for a significant amount of time. In fact, some are still in these roles a decade later, despite their educational credentials.

Despite these alarming trends, it’s important to note that college graduates still earn more over their lifetime compared to high school graduates. However, the disconnect between education and job opportunities is a cause for concern among many recent graduates.

Some college graduates have expressed feeling unprepared for the job market, which may contribute to their underemployment status. With the rising cost of higher education, it’s imperative that graduates are equipped with the necessary skills and resources to secure meaningful employment.

As the job market continues to evolve, it’s clear that more needs to be done to address the underemployment crisis among college graduates. By better preparing students for the workforce and bridging the gap between education and employment, we can ensure that future generations have the opportunity to thrive in their careers.