Unemployment after graduation - Essay Example

Download file to see previous pages In the American workforce, for example, millennial are less than 30%. The remaining 70% attended college in the 1970s and 1980s. This workforce educated in the 1970s is responsible for making decisions whether one can join their business based on their conservative and primitive ideas of what the ideal candidate should have. Before reaching the interview phase, someone screens out tons of resumes that a company receives. If one’s resume does not have the perfect majors, one never comes to know them in person but hopes to be the best match for the job. Lots of recruitment are not done by HR professionals but are carried out by technical managers who seek for individual with similar career and academic backgrounds as them. University and college education is more of innovation, which many managers fail to capture (Medien n.d.).
Graduates who were leaving college and university found it hard to get jobs in 2011 more than students finishing A-level courses. This observation was made while youth unemployment reached its highest level since the 1980s. About one in 10 students is unemployed six months after graduation. Approximately 9% of those who finish full-time degrees are out of work. In 2011-2012, out of more than 230,000 graduates, 72% were working, 15 % were studying while 9% were unemployed (Sharma 2014).
When unemployed graduates seek work for six or more months is considered as the worst form of joblessness. The consequences of long periods of joblessness are significant. The graduates face personal, financial, and health care hardships. An analysis of long-term unemployment for the period running from 2000 to 2003 reveals that people without employment for six or months has increased at a high rate of 198.2%. Job seekers with college degrees have hard times getting employment and their long term unemployment rises by 299.4%. In an effort to the jobless recovery, job creation ...Download file to see next pagesRead More