Economists Warn New Graduates May Have To Tough It Out For 5 To 6 Weeks Before Landing Dream Job

Top Headlines


Pros And Cons Of The Greek System

College communities across the nation have become more divided over the merits of Greek life on campus, with advocates saying that it promotes friendship and charity, and critics arguing that it can lead to hazing, underage drinking, and other dangerou...

College Encourages Lively Exchange Of Idea

Students, Faculty Invited To Freely Express Single Viewpoint

BOSTON—Saying that such a dialogue was essential to the college’s academic mission, Trescott University president Kevin Abrams confirmed Monday that the school encourages a lively exchange of one idea.

Pros And Cons Of Going To Grad School

While graduate school is often touted as a way to specialize in a given field and increase earning power, opponents argue it can put students into debt without helping them get better jobs.

Tips For Dealing With College Rejection

Colleges across the country have mailed out acceptance and rejection letters for next year’s incoming class of students, which means many high school seniors will have to confront being denied admission to their top schools and figure out how to ...
End Of Section
  • More News
TV Listings
Just Like Everything Else!: Fox 8 p.m. EDT/7 p.m. ABC Pete's wife is still on him about building that darn shed, these kids are going to be the death of Sheila and Dave, and the hot next-door neighbor is up in EVERYBODY'S business! Sunday nights on ABC couldn't be any more familiar!

Special Coverage



Coworkers Pull Off Daring One-Hour Lunch Break

TUCSON, AZ—Saying they couldn’t believe such a wild exploit had even been attempted, employees at local marketing firm Synergy Media Services told reporters they were still completely dumbfounded Thursday after account manager Tim Gibbons managed to pull off a daring one-hour lunch break.

Economists Warn New Graduates May Have To Tough It Out For 5 To 6 Weeks Before Landing Dream Job

CAMBRIDGE, MA—Acknowledging that employment prospects for young Americans remain bleak, a report released Thursday by the National Bureau of Economic Research warns recent college graduates they may have to tough it out for up to six weeks before landing their dream job. “It is important for college graduates to realize that, in this tough economic climate, you may endure a month, possibly a month and a half, of sending out résumés before you secure the perfect job in the field of your choosing that exceeds even your wildest expectations,” said Dr. Kyle Ferguson, author of the report, adding that students should prepare themselves now for the possibility they may spend up to half the summer grinding it out in search of a deeply fulfilling position that satisfies every single one of their criteria. “It’ll definitely take multiple rounds of applications, and you may even have to settle and work at your second- or third-most ideal option during the month of June. However, if you keep your head up and stick with it, the data suggest that you will receive an employment offer for the position you have always longed for well before Labor Day weekend.” Ferguson added that, given currently stagnant wage growth, recent graduates should be willing to accept a salary at 90 to 95 percent of what they feel they deserve.

Next Story