Graduation Day... What's Next?

By myfoxtampabay.com, myfoxtampabay.com

Published December 18, 2016

(AP)

For the Class of 2013 graduating Monday, it will no doubt be an exciting day. But according to new statistics, they may have a tough few years ahead.

Thousands of local high school seniors will walk across the stage on Monday to get their high school diploma – many now headed to college.

However, many of those graduates are likely to face a tough and tight job market ahead of them. A report just out by the Economic Policy Institute shows graduating in a bad economy has long lasting economic consequences.

Here's the latest:

The unemployment rate for recent college graduates is about 8.8 percent. That's actually down from 10 percent - so that's some good news.

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But get this: about 30 percent of recent high school grads will spend the next year looking for a job. That's up from 17 percent in previous years.

So experts say getting a college degree still greatly improves a person's job prospects, but it still is a struggle right now to find a job.

The good news is that the overall unemployment rate has been slowly dropping.

For more stories go to myfoxtampabay.com

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