ERIC Number: ED392345
Record Type: RIE
Publication Date: 1996-Jan
Reference Count: N/A
Great Expectations: Employment Issues and Trends for Young College Graduates.
Minnesota Private Coll. Research Foundation, St. Paul.
As the Minnesota and national economy become more reliant on knowledge than raw materials, the need for educated employees with sophisticated, flexible skills will rise. In the 1980s the second and larger half of the baby boom generation completed college and entered the work force. Despite the rapid increase in the young college-educated population during the 1980s, Minnesota successfully absorbed its young graduates into the workforce. A college degree remains and will continue to be a valuable employment asset in today's labor market. The median income among 25- to 34-year-old college graduates working full time is more than 50 percent greater than the median among high school graduates. In looking to the future, occupations that are projected to grow the fastest both nationally and in Minnesota are those that require the highest levels of education. Demographic trends also influence employment prospects. Between 1990 and 2000, the number of 25-to-34 year old Minnesotans is expected to fall by almost 23 percent limiting the number of new college graduates entering the workforce. Traditional measures of labor market performance all indicate that young college graduates have fared quite well economically and will continue to do so. (JB)
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: Minnesota Private Coll. Research Foundation, St. Paul.