Michele and Barack Obama have each given commencement speeches this year. Both have injected politics into those speeches. However, what neither of them are saying to these newly minted college grads, is that thanks to the bad economics under this presidency, the chances of getting a good paying, college-level job right out of college, aren't too great.
In fact, even though the actual unemployment rate is 5%, this country's underemployment rate sits at 14.5%. In other words, we have 22-1/2 million people working below their skill and education levels and/or working part time when wanting full time positions. The pre-recession rate of 2007 was around 8%, and usually, it is below 10%.
So, here's the truth as Newsweek puts it: "Millennial College Graduates: Young, Educated, Jobless". That's what is really facing this year's 1.8 million bachelor-degreed graduates.
References:
Michelle Obama Injects Politics Into Commencement Speech: http://collegeinsurrection.com/2016/04/michelle-obama-injects-politics-into-commencement-speech/
Obama swipes at Trump in commencement address - PressReader: http://www.pressreader.com/usa/the-washington-times-daily/20160516/281578059886674
Millennial College Graduates: Young, Educated, Jobless: http://www.newsweek.com/2015/06/05/millennial-college-graduates-young-educated-jobless-335821.html
Current Underemployment rate: https://www.google.com/search?q=underemployment+rate&ie=utf-8&oe=utf-8
Underemployment rates 1994 to 2010: http://www.economytrack.org/underemployment.php
Fast Facts: Education enrollment and graduation numbers: http://nces.ed.gov/fastfacts/display.asp?id=372
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