Best & worst cities to start a career
Wallet Hub - 07/30/2014
While the struggles endured in recent years by America’s youth pale in comparison to those suffered by young people in Spain and Greece – where unemployment rates in excess of 50% have spawned great social unrest – finding a job, let alone laying the foundation for a long and prosperous career, is far from simple in the current economic climate. With many employers adopting a wait-and-see approach to both the economic recovery and Obamacare and many young people refusing to adjust expectations in the face of stiff competition, the effective unemployment rate for Americans ages 18 – 29 is currently 15.5%.
There is nevertheless reason for optimism among the graduating class of 2014 as well as the scores of young people who have become so disillusioned with the job market that they have given up their search for employment. Not only do more employers plan to hire recent college grads this year, according to the National Association of Colleges and Employers, but hiring in general is also on the rise.