Contribute
CONNECT:

research

“The Boomerang Generation”

- May 19, 2011

Obama’s Campaign Rhetoric Is Up In The Clouds But His Policies Have 
Many College Grads Finding Themselves Back In The Basement

“Some Are Calling The Newest College Graduates The ‘Boomerang Generation,’ As A Recent Poll By Consulting Firm Twentysomething, Inc. Found As Many As 85 Percent Of New Graduates Are Coming Home.” (Daniel Novick, “Poll: 85 Percent Of College Grads Returning Home,” KDAF-33 (Kansas City, MO), 5/18/11)

OBAMA’S FAILURE TO DELIVER ON JOBS IS FORCING 
A GENERATION OF COLLEGE GRADS BACK HOME

“Even For College Graduates — The People Who Were Most Protected From The Slings And Arrows Of Recession — The Outlook Is Rather Bleak.” (Catherine Rampell, “Many With New College Degrees Find Job Market Humbling,” The New York Times, 5/19/11)

For College Graduates, Jobs Are Becoming Scarcer And Salaries Are Falling Lower. “Employment rates for new college graduates have fallen sharply in the last two years, as have starting salaries for those who can find work. What’s more, only half of the jobs landed by these new graduates even require a college degree, reviving debates about whether higher education is ‘worth it’ after all.” (Catherine Rampell, “Many With New College Degrees Find Job Market Humbling,” The New York Times, 5/19/11)

Employment Rates For The Class Of 2010 Has Fallen To 56 Percent From 90 Percent For The Class Of 2006-07. “Of course, these are the lucky ones — the graduates who found a job. Among the members of the class of 2010, just 56 percent had held at least one job by this spring, when the survey was conducted. That compares with 90 percent of graduates from the classes of 2006 and 2007.” (Catherine Rampell, “Many With New College Degrees Find Job Market Humbling,” The New York Times, 5/19/11)

Starting Salaries For Recent Graduate Have Declined 10 Percent Compared To Just A Few Years Ago. “The median starting salary for students graduating from four-year colleges in 2009 and 2010 was $27,000, down from $30,000 for those who entered the work force in 2006 to 2008, according to a study released on Wednesday by the John J. Heldrich Center for Workforce Development at Rutgers University. That is a decline of 10 percent, even before taking inflation into account.” (Catherine Rampell, “Many With New College Degrees Find Job Market Humbling,” The New York Times, 5/19/11)

In 2010, The Unemployment Rate For Young College Graduates Was At An All-Time High. “Last year, the unemployment rate for college graduates age 24 and younger rose to 9.4%, the highest since the Labor Department began keeping records in 1985.” (Chris Isidore, “The Great Recession’s Lost Generation,” CNN Money5/17/11)

  • “Many Others Are Underemployed, Or Working Part-Time Or Temporary Jobs And Internships.” (Chris Isidore, “The Great Recession’s Lost Generation,” CNN Money5/17/11)

AND FOR MANY THAT DO FIND JOBS, THEY’RE HARDLY WORTH 
THE DEBT OF A COLLEGE EDUCATION

“Meanwhile, College Graduates Are Having Trouble Paying Off Student Loan Debt, Which Is At A Median Of $20,000 For Graduates Of Classes 2006 To 2010.” (Catherine Rampell, “Many With New College Degrees Find Job Market Humbling,” The New York Times, 5/19/11)

The Number Of Graduates Who Find Themselves Waiting Tables And Tending Bar Has Increased By 17 Percent. “An analysis by The New York Times of Labor Department data about college graduates aged 25 to 34 found that the number of these workers employed in food service, restaurants and bars had risen 17 percent in 2009 from 2008, though the sample size was small.” (Catherine Rampell, “Many With New College Degrees Find Job Market Humbling,” The New York Times, 5/19/11)

  • “There Were Similar Or Bigger Employment Increases At Gas Stations And Fuel Dealers, Food And Alcohol Stores, And Taxi And Limousine Services.” (Catherine Rampell, “Many With New College Degrees Find Job Market Humbling,” The New York Times, 5/19/11)

“Half The Graduates Said They’d Taken Jobs That Didn’t Require A Bachelor’s Degree.” (Dianne Stafford, “Recent College Grads Hit By Recession,” The Kansas City Star, 5/18/11)

 “About 60% Of Recent Graduates Have Not Been Able To Find A Full-Time Job In Their Chosen Profession, According To Job Placement Firm Adecco.” (Chris Isidore, “The Great Recession’s Lost Generation,” CNN Money5/17/11)

  • Forcing Them To Be Dependent Upon Their Parents Or In Debt. “And the lack of steady income can also delay the start of their lives as independent adults. About a third of recent graduates are still living with their parents, Adecco found, with 17% saying they are financially dependent on their parents. Almost one in four say they are in debt.” (Chris Isidore, “The Great Recession’s Lost Generation,” CNN Money5/17/11)

Previous post

Hoofing It

Next post

Held In Contempt
Republican National Committee

Connect With Us

Republican National Committee
Chairwoman Ronna McDaniel
News & Videos
  • 310 First Street SE, Washington, DC 20003
  • 202-863-8500

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee. Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee.
Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com