Red Ten NYC: Graduate Jobs at All Time Low According to CNN Money

NEW YORK, NY, June 13, 2013 (Press-News.org) Red Ten NYC reports that the unemployment rate of under-30s who graduated since October 2011 is at 11.3%, according to the Bureau of Labor Statistics Monthly Labor Review this February. A further 6.9% are classified as neither in education or in the labor force.The New York sales and marketing firm advises graduates to consider alternative career options to the traditional graduate job.

CNN Money reveals that unemployment figures may be much higher than previously reported. April reports of the drop in unemployment rates to 7.6%, the lowest since 2008, were revealed by CNN to be due to the reduction of people classified as 'actively seeking work' rather than an actual increase in job creation. The Congressional Budget Office estimates that including people who have dropped out of the labor market would increase unemployment statistics to 9.8%.

Red Ten NYC is a strong advocate of entrepreneurship and start-up business and suggests graduates and present college students should re-evaluate their post-graduation career plans. Red Ten NYC recommends that colleges focus on developing entrepreneurship mentality and skills amongst their students. "College is supposed to be about developing independent thinkers, so setting up businesses is the next logical step. With the right level of information and a support system in place, entrepreneurship should be a realistic goal for many graduates," said a source from Red Ten NYC.

About Red Ten NYC: http://www.redtennyc.com

Red Ten NYC acknowledges that experience and skills are essential either for entering the job market or for starting a business. The firm promotes internships and work placements as investments for developing industry skills and contacts. The Telegraph newspaper reports that over a third of UK graduate vacancies are filled by applicants who have previously interned or completed work experience with the company. Red Ten NYC offers a business development program to individuals who are looking to gain experience in business and develop core skills in sales, marketing, client relations and team leadership. The scheme has been a runaway success in New York and has recently been introduced to Red Ten NYC's sister branches in Boston and Dallas. A source from Red Ten NYC's business development team explained: "Programs such as these allow individuals to get hands-on experience across different departments. This experience greatly increases their value as a potential employee, and for aspiring entrepreneurs it increases their likelihood of success. Graduates should focus on developing themselves with the necessary skills. This will give them many more options, whether they choose employment or entrepreneurship."

Sources:
http://www.theatlantic.com/business/archive/2013/04/how-bad-is-the-job-market-for-college-grads-your-definitive-guide/274580/

http://www.telegraph.co.uk/finance/jobs/9798981/Graduates-face-toughest-job-market-since-depths-of-recession.html

http://money.cnn.com/2013/04/05/news/economy/unemployment-rate/index.html?iid=SF_BN_River

Red Ten NYC provides cost effective marketing and customer acquisitions to clients in the financial services, telecommunications, fundraising, entertainment and home improvements markets.