Four out of ten recent college graduates say they are underemployed

By E.P. Bannon
2 December 2013

Four in ten recent college graduates in the US said they were underemployed, according to a survey released earlier this year by Accenture, a management consulting firm.

According to the report, 41 percent of people who graduated from college during the past two years were “underemployed and working in jobs that do not require their college degrees.”

Accenture’s 2013 College Graduate Employment Survey, conducted in March, polled 1,010 students who are were to graduate in 2013 and 1,005 students who graduated from college in 2011 and 2012.

Only 16 percent of pending 2013 graduates had secured employment, according to the survey. Forty-five percent of 2011 and 2012 graduates were prepared to accept a substantially lower pay rate than they had hoped, and 32 percent of 2011 and 2012 graduates who were employed earn less than $25,000 per year.

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http://www.wsws.org/en/articles/2013/12/02/coll-d02.html