What Do You Know, the Recession Is Actually Serious Bad News

Print
Thursday, 19 May 2011 04:05

In an article on the poor employment prospects for recent college grads, the NYT told readers:

"Now evidence is emerging that the damage wrought by the sour economy is more widespread than just a few careers led astray or postponed."

This is actually a good article that includes some new evidence on the extent to which recent college grads are either working at jobs that do not require a college degree or out of work altogether. (The graph accompanying the article shows that 22.4 percent are out of work altogether and 22.0 percent are working at jobs that don't require a degree.)

It's just striking that a sentence like this appeared near the top of the article. We're just now discovering that there is serious damage from this downturn? Some editor was asleep at the wheel on this one.