With the approval rating of Congress near single digits, it’s no surprise that new college graduates want anything to do with the government- especially as a potential employer. According to this analysis conducted by NACE, working for the federal government isn’t high on new grads’ list:
The survey of 35,401 students from 599 colleges and universities in all 50 states and the District of Columbia found just 6% of college students surveyed plan to work in government, and just 2.3 % plan to work in federal government.
To add some context – Latinos are significantly under-represented in the federal workforce.
A few good reads regarding the workforce and higher education. There’s a lot of change occurring in education and the workforce. It seems to me we’re watching, almost in real time, how the “great recession” is impacting the future of the workforce and higher education.
First, the gender gap in higher education – while women are earning more degrees than men, they’ve still reached pay equality. I think the article provides some good analysis as to why but not sure I agree with all of it.
Next, this interesting article discussing the labor force from a generational context. WonkBlog and Political Math discuss how younger workers are leaving the labor force while older ones are entering it. Via WonkBlog
“Namely, the labor force participation rate among young people aged 16 to 24 has plummeted much faster than that of other age groups, even as the participation rate among the oldest Americans has risen to record levels.”
Finally, we revisit the question of whether or not a college degree is worth the return on investment. I still think it is but the cost of higher education is certainly getting out of control.
Graphic via Political Math
Even as tuition costs increase, Latinos are less likely than other groups to pay for college with student loans; less likely to receive scholarships; and less informed about financial aid options. Interesting to note that Latinos eliminated attending a college even AFTER admission due to financial issues – more than any other demographic group. A lot of good data via the Sallie Mae and Ipsos study on How America Pays for College. Much of the information directly impacts the success of Latinos in higher education.