Wednesday May 22 2013

Massive US layoffs worrying students


United States, 13th August: Despite sincere efforts by the US to bring down unemployment levels, there seems to be no respite, at least now.

Almost all sectors of the US economy have been facing layoffs, thus rendering a big blow to the national efforts to announce to the world that the recession is over in the US.

Underemployment, unemployment among students? Blame it on weak US job market--Young college grads are feeling depressed due to dampened US job market. The job scenario is really dim with no respite in the offing in the next couple of months. This is something to worry about for the young US college graduates.

Jobs are simply not there. And if there are any jobs still vacant, they are low-paid jobs keeping in view the educational levels of the young students. This means working at jobs that fail to make proper use of their education and skill sets.

Poor job scenario in the US for college graduates can be blamed on the weak job market in the nation.

Students taking up low paid US jobs—Job scene is worst among college graduates having degrees in humanities, zoology, art history and anthropology among others. However, for those having degrees in accounting, nursing, teaching or computer science, things promise a good break.

With no improvement expected in failing US job market in the coming months, many students can be found working as bartenders, waiters or retail clerks despite being armed with bachelor’s degrees.

Lack of jobs-adding to students’ debt woes--Working at such low paid jobs is jeopardizing their plans to pay back their piling student debts.

Consider, for instance, the case of 24-year0old Kelman Edwards Junior, who is feeling low in the weak US job market. He says he is eager to repay his student debt of $5,500 but all his efforts to get a good job have fell flat to the ground, at least until now.

Having a degree in biology seemed to a ticket to the job market for him. But, the only job his degree could get him was that of a construction worker. And when he tried to get better jobs, the reply by the employers was that they were seeking specialized certificates.

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