Quotation Paraphrase Summary Response Paper

Catherine Rampell, writer for the New York Times, informs that “Employment rates for new college graduates have fallen sharply in the last two years” (293).

New York Times article “Many with New College Degree Find Job Market Humbling” has data showing that “The median starting salary for students graduating from four-year colleges in 2009 and 2010 was $27,000, down from $30,000 for those who entered the work force in 2006 to 2008” (Rampell 293).

Although many would say there is no reason for advanced schooling with these statistics Rampell shares conflicting views, “unemployment rates are generally lower for people with advanced schooling” (293).

The New York Times also backs this information that “the less schooling you had, the more likely you were to get thrown out of the labor market” (Rampell 293)

Rampell hints in her article that the choice of major is a vastly important in finding a job after college “certain majors had better luck finding a job that required a college degree” (293)

2. Rampell preaches that “young graduates who majored in education, teaching, or engineering were most likely to find a job requiring a college degree, while area studies majors . . . were least likely to do so .” (293).

3. It was first thought that only a few careers were affected by the bad economy, New York Times article “Many with New College Degree Find Job Market Humbling” shares compelling data that shows otherwise: Now evidence is emerging that the damage wrought by the sour economy is more widespread than just a few careers led astray or postponed. Even for college graduates the people who were most protected from the slings and arrows of recession the outlook is rather bleak (Rampell 293).

4. According to Catherine Rampell, statistics show that the average starting salary for students graduating from four-year institutions in 2009 and 2010 was $27,000, and that $27,000 is down from $30,000 for those who entered the workforce in 2006 to
2008, the data came from a study done by, Center for Workforce Development at
Rutgers University’s, own John J. Heldrich. Heldrichs study proves that even before taking inflation into account those figures are a 10 percent decline. The graduates of
2010 who found a job, only 56 percent had held at least one job by the spring. that compares to the 90 percent of graduates from the classes 2006 and 2007 (293).

5. Economist at Northeastern University conducted studies proving that your choice of major has a great impact on whether you find a job that requires a college degree after graduating. (Rampell 293)

6. Many students with new college degrees find the job market humbling. The data backs this finding as well showing a 40 percent decrease for students who graduated in 2010 as opposed to graduates in 2006/2007. Experts found that choice of major has a big impact in whether or not you find a job requiring a college degree after graduation. Regardless of these facts students with a college degree will not go unemployed, unemployment rates are significantly lower for those with advanced degrees (Rampell 293)