Job opportunities, student loans on the rise for Class of 2016

INDIANAPOLIS (WISH) — Finding a job may be much easier for the college graduating class of 2016.

The Economic Policy Institute recently published a report that stated the unemployment rate for recent college graduates is 5.6 percent, the lowest since June 2008. Since the Great Recession college graduates have been having a hard time gaining employment.

While the situation seems to be improving for college graduates, more improvement is needed.

The reports says there is a lack of quality jobs for recent college graduates and one in eight college graduates in underemployed, meaning they have a job that does not require a college degree. This is a big burden for the graduates given the cost of college has been skyrocketing over the years.

Between 1984 and 2015, the cost of a four-year degree from a public university has increased by 125 percent. And the New York Federal Reserve reports a 92 percent increase in the number of student loans between 2004 and 2014.

The Economic Policy Institute also reports while the unemployment rate for men and women is the same, there’s a big difference when it comes to pay. It states young male college graduates earn about $21 an hour while young female college graduates earn $16.58.

>>Our sister station WISH first reported this story

We welcome thoughts and comments from our viewers. We ask that everyone keep their remarks civil and respectful. Postings that contain profanity, racist, or potentially libelous remarks will be deleted. We will delete any commercial postings, as well.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s