Unemployment and New College Grads

 CS Monitor:

According to a recent piece in the New York Times, about half of the class of 2010 still hadn’t found a job almost a year later. (By contrast, 90 percent of the classes of 2006 and 2007 already had jobs a year later). ...Economists and social observers now talk about a lost mini-generation, fearing these recent grads will never catch up financially because the lower your starting salary, the smaller your earning potential over time.