Class of 2013 might earn less suggests new report
Posted at: 04/11/2013 6:37 AM
The job market might not be as promising as the class of 2013 would hope for.
According to a recent analysis from the Economic Policy Institute, graduating in a bad economy has long-lasting economic consequences.
The class of 2013 may find themselves earning less than they would have in a stronger economy for as many as 15 years.
The analysis shows that the unemployment rate for high school graduates who aren't seeking further education has improved slightly since hitting a high of 32.7-percent in 2010.
Even though a college degree still greatly improves your job prospects, the unemployment rate for recent graduates was an average of 8.8-percent over the past year.
The report also found that high school grads made an average of $9.48 an hour in 2012, while college grads earned an average of $16.60 per hour.