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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (2036)	11/11/2003 2:06:23 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

From a grad student on my board =================================== This spring I'm graduating with a M.S. in Finance with an energy concentration. I got to a big state university (University of Houston), with 50k students across the state. Not an Ivy, but not the worst school either. -I just saw a MBA graduate from '03 who is only working part time yesterday, and he isn't the only one out there. Another guy from his class we know for sure has put on the home depot orange apron several others have been said to have also do it. -A friend and occasional business partner of mine got his MBA in '02 and has gotten some job offers, but none of which paid more than his current bartending job. Decent bartending job, but still. - Half the '03 lawschool class has no job. My dad who is a lawyer in michigan has several calls a week from kids who've passed the bar willing to work for under 30k. -The local starbucks manager was telling me last week he got 250 applications for one opening at his store - Over half the companies who had reserved dates to recruit on campus didn't show. There were less than 50 jobs this semester across all of campus, 3k students will graduate in december alone. There is a huge pool of people in their 20's who are riding out the economy in grad school, working part time, or who have given up. When december and June hit, there is going to be a ugly new wave of unemployed people. When the job market warms up, the unemployment rate will soar. I don't have hard data, but.. There is no way this bad job market is over yet.