Class of 2014...Good Luck.

Dear Class of 2014: We regret to inform you that the nation's job market continues to force college graduates to take jobs they're overqualified for, jobs outside their major, and generally delay their career to the detriment of at least a decade's worth of unearned wages. Good luck on your job search.

A job rejection letter to this year's graduates, who are supposed to be starting their first truly independent adult years, might as well go something like that.

Seniors who graduate over the next several weeks are poised to be yet another product of a depressing economic cycle that isn't their fault but that they may never fully recover from.

They and other recent graduating classes entered college and subsequently the labor market amid a panoply of converging circumstances that will inevitably set them back: rising tuition, their parents' decreasing ability to pay that tuition, fewer jobs after graduation and lower wages for the jobs that are available.

"the Class of 2014 will be the sixth consecutive graduating class to enter the labor market during a period of profound weakness."

High unemployment for young adults during and after recessions is not a new phenomenon. Bureau of Labor Statistics data compiled by the EPI show that the unemployment rate for those under 25 is typically at least twice the national average, because they are so new to the job market, lack experience and may be the first let go when a company has to downsize in hard economic times. Previous generations didn't experience the fallout as harshly or for nearly as long as the current one, 

"It's never been this bad," she says. "How long we've had elevated unemployment is unprecedented."

In the two years since Rebecca Mersiowsky graduated from Radford University in Radford, Va., she's worked at a beach club on Martha's Vineyard, as a substitute teacher in Fredericksburg, Va., and as a sales associate at a boutique in Boston, where she lives now.

The 24 year-old, who graduated with a degree in communication, has had no luck finding a job in public relations.

She convinced her employer at the boutique in Beacon Hill to let her take on the shop's blog and social media. She works up to 35 hours a week as a sales associate and blogger, but the shop can't afford to hire her full-time.

"I don't think frustrated even begins to describe it," Mersiowsky says of her plight. "It's really scary when I think about my graduating class and how now, two more of those classes have come out and have entered the workforce and that puts me behind them. I feel like I am being set back with every passing day."

As so many students approach graduation without a job, moving back home has become a given, as opposed to a last resort.

http://www.usatoday.com/story/money/personalfinance/2014/05/18/job-outlook-2014-graduates/8809801/

Remember in 2008 when Obama said he was going to fix all this nonsense……Remember that?  Everyone cheered….Yay the new guy is going to fix everything.  Well it is now 2014 and NOTHING has been fixed.  Nothing is going to be fixed either.  He isn’t even trying.