Unfulfilled Expectations of Recent College andHigh School Graduates in the United StatesCarl Van Horn*Professor and Direct...
Unfulfilled Expectations of Recent College and High School Graduates2Education and Employment Status ofYoung Workers in th...
Unfulfilled Expectations of Recent College and High School Graduates3Education and Employment Status ofYoung Workers in th...
Unfulfilled Expectations of Recent College and High School Graduates4Recent High School and College Graduates Struggledto ...
Unfulfilled Expectations of Recent College and High School Graduates5Recent High School Graduates, 2006 to 2011 Only 27% ...
Unfulfilled Expectations of Recent College and High School Graduates6Recent High School Graduates,2006 to 2011 (cont.) Of...
Unfulfilled Expectations of Recent College and High School Graduates7Recent College Graduates, 2006 to 2011 Only half of ...
Unfulfilled Expectations of Recent College and High School Graduates8Recent College Graduates, 2006 to 2011 (cont.) 40% a...
Unfulfilled Expectations of Recent College and High School Graduates9Young Graduates are Not Sure they areWell Prepared fo...
Unfulfilled Expectations of Recent College and High School Graduates10Young Graduates Doubt they will do Betterthan the Pr...
Unfulfilled Expectations of Recent College and High School Graduates11Potential Policy Directions Increase completion rat...
Unfulfilled Expectations of Recent College and High School Graduates12Potential Policy Directions (cont.) Prepare high sc...
Unfulfilled Expectations of Recent College and High School Graduates13Sources National surveys of recent high school and ...
Unfulfilled Expectations of Recent College and High School Graduates14Contact InformationCarl E. Van Horn,Ph.D.Professor a...
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Unfulfilled Expectations of Recent College and High School Graduates in the United States

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A profile of the plight of recent college and high school graduates as they search for full-time employment in the recession era

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Unfulfilled Expectations of Recent College and High School Graduates in the United States

  1. 1. Unfulfilled Expectations of Recent College andHigh School Graduates in the United StatesCarl Van Horn*Professor and DirectorJohn J. Heldrich Center for Workforce Development, Rutgers UniversityPresented to the Conference on Long-Term Unemployment,hosted by the National Association of State Workforce Agencies,World Association for Public Employment Services,and Organisation for Economic Co-Operation and DevelopmentFebruary 20-22, 2013Washington, D.C.* Author of Working Scared (Or Not at All): The Lost Decade, Great Recession,and Restoring the Shattered American Dream (Rowman & Littlefield, 2013)
  2. 2. Unfulfilled Expectations of Recent College and High School Graduates2Education and Employment Status ofYoung Workers in the United States U.S. ranks 15th in proportion of adults withpostsecondary degrees among OECDnations in 2009 U.S. ranks 8th in proportion of adults with highschool degrees among OECD nations in 2009 72% of young people who begin high schoolgraduate
  3. 3. Unfulfilled Expectations of Recent College and High School Graduates3Education and Employment Status ofYoung Workers in the United States (cont.) 50% of young people who begin collegeobtain a BA/BS degree Unemployment rate for 16- to 19-year-olds inJanuary 2013:Overall: 20.8%Black or African American: 37.8%Hispanic or Latino: 26.5%
  4. 4. Unfulfilled Expectations of Recent College and High School Graduates4Recent High School and College Graduates Struggledto Find Full-time Jobs During the Recession EraEmployment Status College High SchoolUnemployed and looking for work 6% 30%Unemployed and not looking for work 5% 14%Working part time, not looking for full-time work 6% 8%Working part time, looking for full-time work 6% 15%Employed full time 51% 27%Attending graduate school, not employed 6% -Attending graduate school, employed part time orfull time14% -Military 3% 2%Self-employed 0% 3%Volunteer 3% 1%
  5. 5. Unfulfilled Expectations of Recent College and High School Graduates5Recent High School Graduates, 2006 to 2011 Only 27% were employed in full-time jobs Twice the level of unemployment 10 yearsago Median hourly wage was $9.25 — $2.00above federal minimum wage• Wages of high school graduates declinedby 11% in 10 years
  6. 6. Unfulfilled Expectations of Recent College and High School Graduates6Recent High School Graduates,2006 to 2011 (cont.) Of those who were working: Most believe they will need additionaleducation, but 40% reported they could notafford to attend college• 75% in temporary jobs• 60% in part-time jobs• One in ten received health care andretirement benefits
  7. 7. Unfulfilled Expectations of Recent College and High School Graduates7Recent College Graduates, 2006 to 2011 Only half of recent college graduates wereemployed full time Combined unemployment and underemploymentrate is the highest level in more than a decade Median earnings: $30,000 before recession;$27,000 thereafter• 15% worked part time• 20% in graduate school• Wages of college graduates declined by 5.4% inthe past decade
  8. 8. Unfulfilled Expectations of Recent College and High School Graduates8Recent College Graduates, 2006 to 2011 (cont.) 40% are working in jobs that do not require acollege degree More than 75% worked full- or part-time jobsduring college years Average student debt: $20,000 — more forthose who attend private colleges Most of those enrolled in graduate school areborrowing additional funds
  9. 9. Unfulfilled Expectations of Recent College and High School Graduates9Young Graduates are Not Sure they areWell Prepared for WorkHow well did your college/high school education prepare you...16% 12% 14% 15% 17%24%10%18% 16%24%23%18%24% 24%27%37%46%33% 32%16% 16%5%7%8% 9%0%25%50%75%100%To look for afull-time job(collegegraduates)To get a full-time job(collegegraduates)To besuccessful inyour full-timejob(collegegraduates)To get a full-time job(high schoolgraduates)To besuccessful inyour full-timejob(high schoolgraduates)Not appropriate Not well at all Not very well Pretty well Extremely well
  10. 10. Unfulfilled Expectations of Recent College and High School Graduates10Young Graduates Doubt they will do Betterthan the Previous GenerationPeople in your generation will have...(compared to the generation before you)High School vs. College Graduates56% 61%30% 21%14% 17%High school graduates College graduatesLess financial success About the same financial success Greater financial success
  11. 11. Unfulfilled Expectations of Recent College and High School Graduates11Potential Policy Directions Increase completion rate — degreeattainment Integrate academic, financial, and careerinformation and advice• Transparency
  12. 12. Unfulfilled Expectations of Recent College and High School Graduates12Potential Policy Directions (cont.) Prepare high school and college students forjobs and careers Greater alignment between educationalpreparation and employers needs Better preparation of students in corecompetencies• Increase internships and cooperativeeducation programs
  13. 13. Unfulfilled Expectations of Recent College and High School Graduates13Sources National surveys of recent high school and collegegraduates, 2006 to 2011, conducted by the Heldrich Center. C. Van Horn, C. Zukin, and C. Stone, Chasing the AmericanDream: Recent College Graduates and the Great Recession(New Brunswick, NJ: Heldrich Center for WorkforceDevelopment, Rutgers University, 2012). C. Van Horn, C. Zukin, M. Szeltner, and C. Stone, Left Out.Forgotten? Recent High School Graduates and the GreatRecession (New Brunswick, NJ: Heldrich Center for WorkforceDevelopment, Rutgers University, 2012). C. Van Horn, Working Scared (Or Not at All): The LostDecade, Great Recession, and Restoring the ShatteredAmerican Dream (Rowman & Littlefield, 2013).
  14. 14. Unfulfilled Expectations of Recent College and High School Graduates14Contact InformationCarl E. Van Horn,Ph.D.Professor and DirectorJohn J. Heldrich Center for WorkforceDevelopment, Rutgers Universitywww.heldrich.rutgers.eduvanhorn@rutgers.edu732.932.4100 x6305
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