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September 02, 2021

Recent grads struggle to find jobs

Although the recession is officially over, some things aren’t likely to change quite so quickly – particularly for those just finishing big school.

New college graduates face the highest unemployment rate in 25 years, overwhelming student loan debt, and tough competition from hordes of experienced workers who’ve been laid off.

In fact, employment counsellors and job placement specialists maintain that the class of 2009 faces a daunting task finding work in the worst economy in decades. 

Some young graduates are working for free to enhance their skills and bolster their resumes while others, of course, are simply heading home to their parents’ basements. One reason this cozy arrangement works is that all parties know the situation isn't permanent, writes Maura Pennington in the Washington Post. It will only take a year or so for everyone to be ready to move on and live apart, she maintains.

Yeah, right.

To put a new face on an old problem, PBS stations across North America will be soon be featuring a new documentary for young college graduates entitled YOUR LIFE, YOUR MONEY.

Hosted by Scrubs star Donald Faison, and featuring hip-hop artist Russell Simmons and singer D. Woods, this special focuses on grown up issues like budgeting, credit, and investments – for those who only have a little of each. 

Be sure to tune in.

By Gordon Powers, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

James HaversJames Havers

James is the senior editor of MSN Money living in Toronto. He has worked for the Nikkei Shimbun (Tokyo),,, Canadian Business and other publications. Havers turned to journalism after teaching overseas.

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...