And we Wonder why college grads move back in with their parents…

Well, heres the reason: We can’t find full time work! The Government we voted in is propogating one of the toughest situations for 18-29 year olds in decades. Thanks Obama :) . Not.

From Mish’s Global Economic Trends:

Underemployment 28.4% for Ages 18 to 29, 18.4% in all Age Groups – Gallup Poll

A Gallup poll shows underemployment is holding steady at 18.4%, a couple points higher than the BLS number from Friday’s jobs report.

Please consider U.S. Underemployment Steady at 18.4% in July

Underemployment, as measured by Gallup, was 18.4% in July, essentially unchanged from 18.3% at the end of June and in mid-July. Underemployment peaked at 20.4% in April.

Gallup’s underemployment measure includes both Americans who are unemployed and those working part time but wanting full-time work. It is based on more than 17,000 phone interviews with U.S. adults aged 18 and older in the workforce, collected over a 30-day period and reported daily and weekly. Gallup’s results are not seasonally adjusted, and tend to be a precursor of government reports by approximately two weeks.

Substantially Higher Underemployment Persists Among the Young

Americans aged 18 to 29 had easily the highest underemployment rate in July of any age group, at 28.4%, including 11.8% who were unemployed and 16.6% who were employed part time but wanted full-time work. Among all U.S. adults in the workforce, a higher percentage of women than of men are underemployed.

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About Eric Amzalag

Eric Amzalag is a recent UCSB graduate w/ a degree in Business Economics and Accounting. Eric's passions are Real Estate, Software, and the Economy. He is an avid social media user, attempting to perfect the art of creating the online personal brand. He can be found on Twitter @EricAmzalag, at BiggerPockets, or Facebook and LinkedIN trying to share with students and citizens of the Southern California region.
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    And we Wonder why college grads move back in with their parents… http://goo.gl/fb/I4KLi #uncategorized