The New York Federal Reserve’s latest research report discusses a number of difficulties facing recent college graduates, including unemployment. [...]
After dividing the pool into 13 different undergraduate majors, and using data from 2009 to 2011, some academic pursuits proved likelier to land graduates a job. [...]
For instance, the unemployment rate for architecture and construction majors was 8%, likely related to the fate of housing-related sectors following the housing bust.
— Quartz
8 Comments
From the article: when architecture and construction were separated, architecture grads dropped to 14% unemployed.
"High" unemployment rate? Should consider comparing to ours. Spanish architecture grads unemployment rate is well over 50%, and from the "employed" 50%, more than 70% doesn't reach a 25000$/year salary...
Even if it was 14% it would be almost 10 points below real unemployment.
Miles, according to that graph real unemployment has gone up post recession while official and u6 has gone down? Why is this?
why is that? Cause bankers & politicians lie.
I was just reading this earlier this week! I'm going to agree with Miles Jaffe, I doubt the numbers are correct and I'm sure they are much worse in reality! As much as it hurts, it’s been a rough time for all of us Architects. But that doesn't seem to stop all the "High-End Lifestyle" Advertisements by companies like BMW etc., showing Architects having glamorous lives, Cullen Style Homes and all the wealth in the world with a nice car to top it all off. We don’t need more architects we have enough to outlast an apocalypse!
That is what the main protagonist should be in the next zombie film, an architect who is out to saves the world. Guess what the antagonist will be... a zombie architect who is out to destroy the world, it would be very fitting simile of the current environment.
Labor participation drops to a low. Unemployment numbers don't mean much when they pick & choose who they're actually counting.
Block this user
Are you sure you want to block this user and hide all related comments throughout the site?
Archinect
This is your first comment on Archinect. Your comment will be visible once approved.