Graduates face a big challenge
As they don caps and gowns, endure commencement speeches, and take their diplomas, many high school and college graduates face bleak prospects in an economy that grew a dismal 0.5% the first quarter. The United States added a meager 160,000 new non-farm jobs in April, a paltry 4,000 of them in manufacturing. First quarter 2016 averaged just 203,000 jobs per month. The labor force participation rate remains stuck at an abysmal 63% – meaning 93 million working age Americans are still unemployed. Many who are working hold multiple jobs to make ends meet, while others are toiling at temporary, part-time or [...]