Graduate glut: Why college graduates are underemployed and overeducated

By Michael De Groote. When Barack Obama first became President four years ago, he set a goal to increase the nation's college graduation rate to 60 percent by 2020. The idea of working towards becoming a nation of college graduates, however, has a major problem according to a new report by the Center for College Affordability & Productivity. There are not enough jobs that require a college degree.
Analyzing 2010 data from the U.S. Department of Labor, the report finds that of the 41.7 million working college graduates, barely half (51.9 percent) are working in jobs that require a bachelor's degree or higher. Thirty-seven percent are in jobs that require a high-school diploma or less. The rest (11.1 percent) are in jobs that require some postsecondary training such as an associate's degree. Read more...