20% of Recent College Graduates Unemployed

Employment news seems to be getting more grim.  20% of recent college graduates are now unemployed.  This will undoubtedly have generation-long repercussions.  Unless a real job creation mandate is set in place, America’s future workforce will fall even further behind their international counterparts.  Combined with non-dischargeable student loans, the default rates are surely to skyrocket and probably result in the next financial crisis (mortgage and tech bubble being the last two).