Reality Check: Job Outlook for the Class of 2012

A report by the Economic Policy Institute still shows a gloomy outlook for recent college graduates:

For young college graduates, the unemployment rate was 10.4 percent in 2010 and 9.4 percent over the last year, while the underemployment rate was 19.8 percent in 2010 and 19.1 percent over the last year.

This is a slight improvement that parallels other reports; however, the long-term implications of these numbers will be felt by 2012 grads well into the future:

Graduating in a bad economy has long-lasting economic consequences. For the next 10 to 15 years, the Class of 2012 will likely earn less than they would have if they had graduated when job opportunities were plentiful.