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graduate unemployment
Graduate unemployment, or educated unemployment, is unemployment among people with an academic degree.
== Background ==
Research undertaken proved that unemployment and the underemployment of graduates, are devastating phenomena in the lives of graduates. A high incidence of either are definite indicators of institutional ineffectiveness and inefficiency. Since the start of the economic recession in the US economy in 2007, an increasing numbers of graduates have been unable to find permanent positions in their chosen field. According to statistics, the unemployment rate for recent college graduates has been higher than all college graduates in the past decade, implying that it has been more difficult for graduates to find a job in recent years.〔College graduates are those aged 22 to 65 with a bachelor's degree or higher; recent college graduates are those aged 22 to 27 with a bachelor's degree or higher.〕 One year after graduation, the unemployment rate of 2007–2008 bachelor's degree recipients is 9%.〔(【引用サイトリンク】title=XJTLU Library Home Page )〕 Underemployment among graduates is high. Educated unemployment or underemployment is due to a mismatch between the aspirations of graduates and employment opportunities available to them.
It was found that two factors are important regarding graduate unemployment or underemployment, namely incidence and duration. The duration of graduate unemployment in particular, appears to be a sharply declining function of age. It is principally a youth problem, most graduates find a job after some time. Once they have work experience in their chosen field, they are able to find subsequent job search efforts relatively easier. Given the effects of the current economic recession in the US, some graduates have gone more than a year since graduation without finding work in their chosen field, and have had to rely on odd jobs or work in the service industry to keep up with their substantial student loan payments. High levels of long term graduate unemployment represent a massive threat to institutions of higher education within the US, which stand to lose a significant degree of social relevancy if the job market for graduates does not improve within the near future.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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