Recent college grads face 36% 'mal-employment' rate

Wednesday, June 26, 2013

More than a third of recent college grads with jobs are working in positions that don't require a degree.

Economists call that figure the "mal-employment" rate, and right now it tops 36% for college-educated workers under the age of 25, according to figures crunched by Andrew Sum, director of the Center for Labor Market Studies at Northeastern University.

"People don't go to college to be a waiter or a bartender," Sum said. "They lose and we lose."

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