Graduate unemployment, or educated unemployment, is unemployment among people with an academic degree.
Aggravating factors for unemployment are the rapidly increasing quantity of international graduates competing for an inadequate number of suitable jobs, schools not keeping their curriculums relevant to the job market, the growing pressure on schools to increase access to education (which usually requires a reduction in educational quality), and students being constantly told that an academic degree is the only route to a secure future.
Background
Research undertaken proved that unemployment and underemployment of graduates are devastating phenomena in their lives. A high incidence of either are indicators of institutional ineffectiveness and inefficiency. Since the beginning of the economic recession in the US economy in 2007, an increasing number of graduates have been unable to find permanent positions in their chosen field. According to statistics, the unemployment rate for recent college graduates has been higher than all college graduates in the past decade, implying that it has been more difficult for graduates
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Source: Wikipedia
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