Recent college graduates feeling the pinch of underemployment
Kristin Murphy, Deseret News
SALT LAKE CITY — Brandi Hillock of Murray graduated from Southern Utah University in May 2013 with a degree in exercise science. She couldn't find a job related to her field of study and now a year later, doesn't feel like her degree gave her an advantage.
"It’s frustrating because I have colleagues that didn’t go to school at all, and then here I am making the same wage that they do, and I spent four years and all my money to get this degree, and I’m not seeing anything from my efforts," said Hillock, who is working for a mortgage company before she heads to graduate school.
It's the same story for her peers with degrees in other disciplines, and for spring college graduates transitioning into the labor market: The prospect of unemployment or underemployment is a reality for many.
During the past two decades, the unemployment rate for recent graduates peaked at about 7 percent in 2010, when the rate for all college graduates rose to about 5 percent, according to 2014 study by the Federal Reserve Bank of New York
"It is not clear whether these trends represent a structural change in the labor market, or if they are a consequence of the two recessions and jobless recoveries in the first decade of the 2000s," the report states.
It applies less to the fields of science, technology and engineering, as people in those professions are more likely to find good jobs, according to Sean Weinle of Sandy.
Weinle graduated in December but had a job related to information systems even before that. Now he's working as a software consultant for an accounting firm.
"Definitely people in my field are having success, but I know others have struggled finding jobs in other fields," Weinle said. "Everybody really needs IT and computer professionals nowadays in every business, so there's a lot of jobs for that."
It's always been the case that engineers and accountants seem to have an easier way into careers, agreed Scott Greenhalgh, manager of Alumni Career Services for Brigham Young University. He said only about 17 percent of people take a job related to what they studied in school.
That said, he still thinks students should study what they're passionate about and not major in something they don't like, just for the money. However, college students should also find a career focus and take courses that will prepare them to succeed. Greenhalgh pointed out that many CEOs studied humanities or the social sciences.
"People are worried about the marketability of their degree instead of the marketability of themselves. Decide what you want to do and market yourself," he said.
Greenalgh, who has held the post at BYU for 27 years, said the problem with finding a job is that everything is online now.
"It makes it easier to apply, but then it seems to make it easier for companies to ignore people as well," he said. "Students aren't doing enough to follow through. Now networking is even more important."
Colleges and universities have career counselors for current students and for alumni. Resources, workshops, resume help and hiring events are also available through LDS Employment Resource Services and the Utah Department of Workforce Services, which has an employment center in almost every county.
Graduates are entering an economy that's still fragile and hasn't recovered to prerecession levels. An increase in low-paying and part-time jobs is typical of a recession, according to Carrie Mayne, chief economist for the Department of Workforce Services.
- Top 50 companies to work for in Utah
- Dave Ramsey says: Tips for stretching dollars...
- Extended warranties a big sell. Are they...
- Utah job forecast better than most states
- University of Utah entrepreneurship program...
- A Closer Look: Your (online) life after death
- The market power of pumpkin spice
- Balancing act: Sometimes a 'serious' office...
- US wealth gap putting the squeeze on... 26
- Extended warranties a big sell. Are... 4
- Dave Ramsey says: Tips for stretching... 4
- These are America's 10 poorest congressmen 2
- How employers can improve the nation's... 2
- Utah job forecast better than most states 2
- Save money by replacing appliances that... 1
- Retail sales are up since last month 1