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Young US College Graduates Suddenly Aren't Finding Jobs Faster Than Non-College Graduates

U.S. college graduates "have historically found jobs more quickly than people with only a high school degree," writes Bloomberg. "But that advantage is becoming a thing of the past, according to new research from the Federal Reserve Bank of Cleveland." "Recently, the job-finding rate for young college-educated workers has declined to be roughly in line with the rate for young high-school-educated workers, indicating that a long period of relatively easier job-finding prospects for college grads has ended," Cleveland Fed researchers Alexander Cline and BarıÅY Kaymak said in a blog post published Monday. The study follows the latest monthly employment data released on Nov. 20, which showed the unemployment rate for college-educated workers continued to rise in September amid an ongoing slowdown in white-collar hiring... The unemployment rate for people between the ages of 20 to 24 was 9.2% in September, up 2.2 percentage points from a year prior. There is a caveat. "Young college graduates maintain advantages in job stability and compensation once hired..." the researchers write. "The convergence we document concerns the initial step of securing employment rather than overall labor market outcomes." Their research includes a graph showing how the "unemployment gap" first increased dramatically after 2010 between college-educated and high school-educated workers, which the researchers attribute to "the prolonged jobless recovery after 2008". But that gap has been closing ever since, with that gap now smaller than at any time since the 1970s. "Young high school workers are riding the wave of the historically tight postpandemic labor market with well-below-average unemployment compared to that of past high school graduates, while young college workers are experiencing unemployment rates rarely observed among past college cohorts barring during recessions." The labor market advantages conferred by a college degree have historically justified individual investment in higher education and expanding support for college access. If the job-finding rate of college graduates continues to decline relative to the rate for high school graduates, we may see a reversal of these trends. The convergence we document concerns the initial step of securing employment rather than overall labor market outcomes. These details suggest a nuanced shift in employment dynamics, one in which college graduates face greater difficulty finding jobs than previously but maintain advantages compared with high school graduates in job stability and compensation once hired. Two key quotes: "Declining job prospects among young college graduates may reflect the continued growth in college attainment, adding ever larger cohorts of college graduates to the ranks of job seekers, even though technology no longer favors college-educated workers." "Developments related to AI, which may be affecting job-finding prospects in some cases, cannot explain the decades-long decline in the college job-finding rate."

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Dozens of US Colleges Close as Falling Birth Rate Pushes Them Off Enrollment Cliff

A new article from Bloomberg says dozens of America's colleges "succumbed to a fundamental problem killing colleges across the US: not enough students. The schools will award their final degrees this spring, stranding students not yet ready to graduate and forcing faculty and staff to hunt for new jobs." The country's tumbling birth rate is pushing schools toward a "demographic cliff," where a steadily dropping population of people in their late teens and early 20s will leave desks and classrooms empty. Many smaller, lesser-known schools like Cazenovia have already hit the precipice. They're firing professors, paring back liberal arts courses in favor of STEM — or closing altogether. Others will likely reach the cliff in the next few years... [T]the US birth rate ticked upward slightly before the 2008 financial crisis, and that brief demographic boost has kept enrollment at larger schools afloat. But the nationwide pool of college-aged Americans is expected to shrink after 2025. Schools face the risk that each incoming class could be smaller than the last. The financial pressure will be relentless... Since 2020, more than 40 schools have announced plans to close, displacing students and faculty and leaving host towns without a key economic engine... Close to 400 schools could vanish in the coming decade, according to Huron Consulting Group. The projected closures and mergers will impact around 600,000 students and redistribute about $18 billion in endowment funds, Huron estimates... Pennsylvania State University, citing falling enrollment at many of its regional branches, plans to shutter seven of its 20 branch campuses after the spring 2027 semester... [C]ampuses in far-flung places, without brand recognition, are falling out of favor with students already questioning the value of a college degree. For example, while Penn State's flagship University Park campus saw enrollment grow 5% from 2014 to 2024, 12 other Penn State campuses recorded a 35% drop, according to a report tasked with determining whether closures were necessary. The article notes that "Less than half of students whose schools shut down before they graduate re-enroll in another college or university, according to a 2022 study." But even at colleges that remain, "The shrinking supply of students has already sparked a frenzied competition for high school seniors..." Some public institutions are letting seniors bypass traditional requirements like essays and letters of recommendation to gain entry automatically... Direct-admission programs, which allow students to skip traditional applications, are one potential response. Some 15 states have them, according to Taylor Odle, assistant professor of educational policy studies at the University of Wisconsin-Madison. He found in a 2022 paper that direct admissions increased first-year undergrad enrollment by 4% to 8%... And they don't require nearly as many paid staff to run, since there are no essays or letters of recommendation to read.

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PhD Students' Taste For Risk Mirrors Their Supervisors'

A researchers' propensity for risky projects is passed down to their doctoral students -- and stays with trainees after they leave the laboratory, according to an analysis of thousands of current and former PhD students and their mentors. From a report: Science involves taking risks, and some of the most impactful discoveries require taking big bets. However, scientists and policymakers have raised concerns that the current academic system's emphasis on short-term outcomes encourages researchers to play it safe. Studies have shown, for example, that risky research is less likely to be funded. Anders Brostrom, an economist studying science policy at the University of Gothenburg in Sweden, and his colleagues decided to examine the role of doctoral education in shaping risk-related behaviour -- an area that Brostrom says has been largely overlooked. "We often focus on thinking about how we can change the funding systems to make it more likely for people to take risks, but that's not the only lever we have," says Chiara Franzoni, an economist at the Polytechnic University of Milan in Italy. This study is "refreshing" because "we've discussed policy interventions a lot, but we haven't discussed training," she adds. [...] The team found that students' risk-taking dispositions matched those of their supervisors. This link was stronger when students and their supervisors communicated frequently, and weaker when students were also mentored by scientists outside their lab.

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Vouchers, Patriotism and Prayer: The Trump Administration’s Plan to Remake Public Education

Linda McMahon, the nation’s secretary of education, says public schools are failing. 

In November, she promised a “hard reset” of the system in which more than 80% of U.S. children learn. But rather than invest in public education, she has been working to dismantle the Department of Education and enact wholesale changes to how public schools operate.

“Our final mission as a department is to fully empower states to carry the torch of our educational renaissance,” she said at a November press conference. 

To help her carry out these and other goals, McMahon has brought at least 20 advisers from ultraconservative think tanks and advocacy groups who share her skepticism of the value of public education and seek deep changes, including instilling Christian values into public schools.

ProPublica reporters Jennifer Smith Richards and Megan O’Matz spent months reporting and reviewing dozens of hours of video to understand the ideals and ambitions of those pulling the levers of power in federal education policy. They found a concerted push to shrink public school systems by steering taxpayer dollars to private, religious and charter schools, as well as options like homeschooling. The Education Department did not respond to a detailed list of questions from ProPublica. 

They also found top officials expressing a vision for the remaining public schools that rejects the separation of church and state and promotes a pro-America vision of history, an “uplifting portrayal of the nation’s founding ideals.” Critics argue the “patriotic” curricula downplay the legacy of slavery and paper over episodes of discrimination. 

Since its establishment in 1979, the Department of Education’s Office for Civil Rights has served as an enforcer of anti-discrimination laws in schools and colleges around the country. It’s the place parents turn to when they believe their schools failed to protect children from discrimination or to provide access to an equal education under the law. 

The Trump administration laid off much of the office’s staff in its first months and prioritized investigations into schools that allegedly discriminated against white and Jewish students and accommodated transgender students. McMahon and the department have framed this as a course correction in line with efforts to be more efficient and curb diversity, equity and inclusion policies from prior administrations. It has left little recourse for those seeking to defend the rights of students with disabilities, students of color and those facing sex discrimination. 

In this video, Smith Richards and O’Matz explain how McMahon and her advisers are reenvisioning the nation’s educational system and what that could mean for the future. 

Watch the video here.

The post Vouchers, Patriotism and Prayer: The Trump Administration’s Plan to Remake Public Education appeared first on ProPublica.

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