Housing Construction is DOWN; Second Wave of Job Loss Beginning; Is College a Waste?

The price of oil passed a six-month high of 60 dollars
•*Is it increase in demand or an increase in inflation?
http://www.breitbart.com/article.php?id=CNG.5dbcb573febbe883f8029572978ba2ad....

Housing construction, permits hit record lows
http://finance.yahoo.com/news/Housing-construction-drops-apf-15288681.html?.v=6

Assaults Rise in Manhattan
http://www.nypost.com/seven/05192009/news/regionalnews/manhattan/violent_crim...
Pelosi's approval rating plummets
http://www.boston.com/news/politics/politicalintelligence/2009/05/pelosis_app...

Nokia to cut an additional 490 jobs
http://www.reuters.com/article/technologyNews/idUSTRE54I1QJ20090519

Medtronic Cutting 1,500-1,800 Jobs In Coming Weeks
http://money.cnn.com/news/newsfeeds/articles/djf500/200905190920DOWJONESDJONL...

City of Orlando to shed up to 342 jobs
•10 percent of its workforce
http://www.bizjournals.com/orlando/stories/2009/05/18/daily5.html

The U.S. Postal Service has slashed 25,000 jobs this year as it struggles to reduce a massive budget deficit.
http://www.google.com/hostednews/ap/article/ALeqM5j2-casHYPu9MqQElOjMbPuwOyxK...

American Express to cut 4,000 jobs
•cutting 6 percent of workforce
http://www.reuters.com/article/rbssFinancialServices%20-%20Diversified/idUSN1...

*I may be jumping the gun here, but I think were beginning to see the Second Wave of job loss begin.

AP IMPACT: Poll shows sink or swim for grads
http://www.google.com/hostednews/ap/article/ALeqM5glhSkJqTSONQ43lncFe6gMqCwzC...

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[Falcon8605]

I graduated back last May with my B.S. in Civil Engineering, but no one out in the work force wanted anyone without EXPERIENCE (usually a minimum of 5 years). I decided to go back and get my master's in civil engineering. Hopefully that will make me more attractive than others, but we shall see. I do think classes in college teach way too much theory, and not practical, real world applications like you said DemCad. It was that way in the civil engineering program.

[DEMCAD]

Exactly, how will we ever get experience for a job, if you need experience to get the job.

[centervilletn]

one thing many folks are not informed about when the go to college is that they MUST get an advanced degree if they wish to pursue a career in their field of study...I have a degree in Political Science...the only thing an undergraduate degree in PS is good for is asking folks if they "want fries with their shake"....

[DEMCAD]

Yeah, but i met people with graduate degrees at job fairs in Michigan...lol

So, I don't think that a graduate degree will do a lot of good if you don't have any connections.

Ultimately, it comes down to connections.

There's plenty of people with graduate degrees who are working crappy jobs.

[bertly71]

I guess all of those college kids who voted will get a chance to live with the consequences of their actions.

[whiskerchild]

We need people with engineering degrees to manufacture things in THIS country. I mean jobs for Americans, not every idiot that wants to come over from overseas and "lowball bid" us out of our jobs. This is HUGE now. And people don't know it.

[hookalakah]

"I think for a lot of people, it's going to feel very hard...harder than anything they've experienced in their lifetime...for a long time to come." --Treasury Secretary Tim Geithner on economic recovery, "Meet the Press," July 10, 2011

[KingB2K8]

I'm starting to feel that way.......maybe i did waste my time. 40K in debt and no luck going on four months looking for a job and only 1 interview. My sister who graduated in 2004 just got a new job last week but she was laid off for 5 months.....so I think that's who getting the edge on jobs right now. Things suck for those of us just starting out.

Would go back to school but can't afford the debt. Come July student loans are due and I'm flat broke. Oh the joy of a college degree.....:(

[mxp299l]

You nailed it in regard to colleges and universities. The academic powers that be abandoned their mission a long time ago (although in their delusional ivory tower minds they still think they are on providing quality education). They just want the money. I especially liked the commentary on the wasted classes. The established business/education methods in place no longer work.

[DaMostEnigmatic]

I got a BA in English, and I'm not doing anymore college, at least not for now. Apprenticeships are the way to go.

[Falcon8605]

You hit the nail right on the head. Everyone is faced with the same dilemma. From what I've heard, since the economy is so bad, they know they can get people with experience that have been laid off, and we are SOL. I tell them, "How am I supposed to have/get experience when I just graduated from college if you won't give me an opportunity to gain some experience?" A lot of the workforce will be retiring in the next several years, so they will have to hire us to replace them sometime.

[2Bfreeliberty]

i have a BS from RIT - it took a long time to get it because i went full time at a company before finishing it - i didnt enjoy the way the 'quarter' system was going and was having trouble getting through the classes which seemingly were made 'difficult' for the sake of it ... - i did have better temp jobs after the degree, but never ever have been able to get a 'salary' over $40k since graduating in 1999. this is an engineering technology degree that required a lot of frustration and living in

[sireel]

I have a degree from NYU in music, where I was an honors student- probably a quarter of a million dollar degree today. Private music teaching is unstable so I've been trying to get out of it. I send out about 50 resumes a week. Whole Foods just called me for an interview to work in the bakery (1st call in 4 months!). My math teacher from childhood- a PHD in math- just told me that she makes 1K per semester (she teaches one class) teaching math at U of MD. The tuition doesn't go to the teachers.

[drealm]

I don't know. But I've learned to accept that the vast majority of these hateful people attending universities or who have AA's, BA's, MA's and PHD's all look down on those with only a high school education.

My view is probably biased though, where I used to live the rate for people attending college was much higher than the national average.