In today’s market, it is difficult to find a job. According to the U.S. Bureau of Labor Statistics’ Current Population Survey, the unemployment rate for college graduates 20 to 24 years old spiked 5 percent within a few short months, from 7.1 percent in May to 12.1 percent in June, and continuing to increase.
College graduates are now either over-qualified for the meager jobs available or unable to find work that fits their intended education range.
Sadly, the day has come that there is a strong chance the person taking your order at McDonald’s has a college degree.
The only decent paying jobs available during these harsh times require higher-level degrees, or at least a very influential recommendation.
However, this economic depression cannot last forever, and provides the best excuse to enter graduate school.
Take this time to build your portfolio, add another notch to your educational belt, and bid your time until things improve. Not only will you improve your mind, but you will also improve your competitive edge on the rest of the job pool. Being a graduate student also entitles you to different scholarships and financial aid, making graduate school a means of avoiding the woes of this economic crisis, at least for a few years. Either way, you have a stronger chance at finding a job when you have a higher-level degree.