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Saturday, October 3, 2009

College degree no longer spells immunity from unemployment - BostonHerald.com


College degree no longer spells immunity from unemployment - BostonHerald.com:

"'Recessions are becoming a bit more egalitarian,' Adams said. 'It certainly has been hitting people of all education levels. And no longer is it the case that just having a bachelor’s degree shields you from economic downturns.'

After four months of reports in which analysts cited an easing up of recession, the release Friday signaled a setback.

U.S. employers cut another 263,000 jobs last month, up more than 40 percent from what analysts had forecast and another reminder that, as Federal Reserve Chairman Ben Bernanke has suggested, the recession might be over technically but its fallout will linger."