WellesleyWeston Magazine


Launched in 2005, WellesleyWeston Magazine is a quarterly publication tailored to Wellesley and Weston residents and edited to enrich the experience of living in two of Massachusetts' most desirable communities.

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Page 90 of 195

it's all relative. While many newly minted college graduates have a hard time finding their footing on the career track, things could be worse. "Millenials" without a university degree have a much harder time securing gainful employment. Economists at the Federal Reserve Bank of New York looked beyond anecdotal evidence to study more than two decades of data and published their findings last year in a report in Current Issues in Economics and Finance titled, "Are Recent College Graduates Finding Good Jobs?" The authors document what many people sense and fear. Today's college graduates are hav- ing a tough time landing the jobs of their dreams and, as a consequence, compromise by taking part-time employment or positions that do not require a bachelor's degree. Unemployment > a time-honored occurrence The report points to the tepid job market, which started in the 2001 recession and dug in deeper after the 2008 "Great Recession," for elevated rates of unemployment among recent college grads. But the authors of the report remind us that college graduates typically require time to transition into the labor market. "During both good and bad economic times," they write, "rela- 89 s u m m e r 2 0 1 5 | W e l l e s l e y W e s t o n M a g a z i n e E L I Z A B E T H S U N E B Y writer Advice From Five Recent College Graduates Out of College

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