New concerns for recent college graduates looking for their first big break in the job market. The recession is forcing millions of them into low skill low pay jobs, and what was meant as a temporary move for a lot of them is now turning into a prolonged underemployment. That is of course for those lucky enough to find jobs. The national unemployment rate is now 7.7%, but looking at Economic Policy Institute stats for 2012 show more than 19% of college grads were working but underemployed. During that same time frame college grads that were jobless was at a rate of 9.4%. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss why parents of college students and students themselves should understand the current economic impact on finding their first job.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: college graduate, economic policy institute, ed butowsky, financial advisor, job market, job skills, masters degree, underemployment, unemployment, wealth manager