Graduate Unemployment Rate is Increasing in USA


It is being surveyed in the United States of America by the consulting groups like Challenger, Gray and Christmas and records state that companies like Hewlett Packard, Yahoo, Sun Microsystems and Applied Materials, providing over 140,000 jobs in the last few months, are now announcing that the job scene NOW has become depressive.

Most of the employers are putting an increased value on experience and tenure, something recent graduates lack. Many companies are moving seasoned employees around to fill open positions rather than to add another person to the payroll. Fresh graduates are feeling like putting all the work (in school) to not have a job. It's getting touch day by day for them to be employed in Silicon Valley, as companies shedding entry-level positions and opting for more experience.

According to the statistics of U.S. Unemployment provided by U.S. Bureau of Labor Statistics - Americans in an age group of 20-29 years old have the highest unemplyoment rate. That's not it, the unemployment rate for Americans between 25-29 years old jumped to 7.3 percent in November from five percent just a year earlier. Since freshers are No No for most of the employers in current scenario, the unemplyement rate of age group of 20-24 years old rose to 10.4 percent from 7.7 percent.

Looking at these figures, it's quite obvious that the Graduates of U.S.A. are having hard time there in getting Jobs.

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