More proof that graduating during the recession was awful
Bloomberg - 03/19/2015
The Great Recession and its aftermath was an exceptionally bad time to lack work experience or a college degree. As unemployment soared and jobs became scarce, U.S. hiring managers also grew pickier.
Businesses snagged skilled employees for less by “opportunistically” raising education and experience standards between 2007 and 2010, according to a new study from the Boston Federal Reserve. “Employers were able to get that college-educated worker on the cheap,” said Alicia Sasser Modestino, a Northeastern University professor and the paper’s lead author.