It's no secret that the job prospects for 20-somethings in America have been dismal recently. A notable 36% of young Americans between the ages 18-31 have yet to move out of their parents' house. The global financial crisis is held culpable for the ill-fate of the millenniums. However, 2014 might be a welcomed change for those about to graduate. Hiring new graduates is expected to be the highest it has been in years. This hiring is spurred by private sector firms like Google and Brisitsh Airways, and by programs in the public sector such as TeachFirst. International Monetary Fund, encouraged by news in the US, Japan and EU, increased it global growth forecast from 3.6% to 3.7%. This growth may may afford those recent college graduates to flee from their childhood bedrooms and spring for a place of their own.
http://www.economist.com/blogs/theworldin2014/2014/01/youth-unemployment
2 comments:
Hmmph, I wish the author identified the source for the US statistics. Since that is not available, for the US statistics we can only assume that the estimate includes Americans between the ages of 18-31 (with the inclusion of students). In my opinion, two variables seemed to have skewed the graph. The first are the students. The age range covers both college years and the nine years afterward, which is very silly. It is culturally acceptable for college kids to stay at home, that's what I would do if college was like an hour away. The second problem is that the statistics do not account for those who have not gone through college and just have a high school diploma.
Cassandra, use better statistics please.
They also don't mention if the survey includes job prospects for all college degrees or not? Even if they do include all, the statistics could be skewed because of an increase for graduates majoring in certain degrees. In all, I agree with Charles, seeing the actual statistics for the US would allow us to make a better conclusion.
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