Half of Grads Underemployed

The Boston Globe claims that "1 in 2 of new graduates are jobless or underemployed," which is very discouraging.  According to the article: "Young adults with bachelor's degrees are increasingly scraping by in lower-wage jobs -- waiter or waitress, bartender, retail clerk or receptionist, for example -- and that's confounding their hopes a degree would pay off despite higher tuition and mounting student loans."  A Rutgers University study titled "Unfulfilled Expectations: Recent College Graduates Struggle in a Troubled Economy" supports this finding and offers a host of interesting statistics on this population.