As Mary Lou Byrd of the Washington Free Beacon reports below, the job market for college grads hasn’t improved in time for the class of 2014.

2014 College Grads Get Diplomas, Not Jobs

Graduating college seniors face a grim job market little improved since President Barack Obama’s reelection, and many say they are concerned about their future.

The effective unemployment rate, referred to as U-6, now stands at 15.6 percent for the youth, ages 18 to 29. U-6 adjusts for labor force participation by including those who have given up looking for work. That rate since 2012 has only improved slightly, from 16.4 percent.

The unemployment picture for others in this age group remains stubbornly high. For African Americans, the U-6 rate is at 23.6 percent, the rate for Hispanics stands at 16.2 percent and the rate for women is currently at 13.3 percent.

College seniors are frustrated by their inability to land a job.

Lauren Dwyer of Hampshire, Ill., who is graduating from Aurora University this week with a major in English Education, has yet to find a job. She said she has been looking since March.

“I applied to 50 jobs and have had no interviews,” Dwyer said. “It’s very competitive. I’ve been told there are roughly over 1,000 applications applying to teaching jobs every day.”

Dwyer has $25,000 in student loans she must start repaying in October. She says she will be living at home with her parents. “I knew it would take some effort, but I didn’t know it would be this difficult” to find a job, she said.


 
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