The latest unemployment report revealed good news for younger Americans: jobs for 25 to 34-year olds are on the rise. We're seeing some of those younger people getting more jobs right here in the Valley. The Labor Department reported, the unemployment rate for this group fell from 9-percent.
One local professor said college students are focusing on majors that train them for those jobs.
James Madison Univeristy finance professor, Pamela Drake studies these economic trends, and she said there could be a couple reasons.
For starters, Drake said young people are cheaper labor for employers; that means if you're a recent college graduate, you'll accept a lower pay than those who are more experienced.
Drake said another reason is because they have advanced skills from college degrees. Before the recession, she said college students majored in a broad range of topics instead of focusing on learning one skill.
"Now what people have figured out is that over time there has been a shift, where now you need to graduate with problem-solving skills, technical skills, and we've had more students go into those types of majors that prepare them for the workforce," said Drake.
Drake said certain majors have stayed steady through the recession. For instance, she said about half of the JMU students who are graduating with finance degrees already have jobs offers.
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Source: http://www.whsv.com/news/headlines/Jobs_for_Young_People_are_on_the_Rise_142381935.html
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