Bernanke was positive about the inflation rate, but still considered the unemployment rate, currently at 8.2%, as elevated. He said the employment rate was still too large, but said the committee projected the rate could possibly reach 6.7% to 7.4% by the fourth quarter of 2014.
Where the unemployment rate stands currently, it has dropped nearly an entire percentage point over the course of a year, but bachelor’s degree holders unemployment rate has continued to increase. According to an Associated Press report, 53% of bachelor’s degree graduates under the age of 25 are either unemployed or underemployed.
The job prospects for bachelor’s degree holders are at their lowest levels in more than a decade, according to the report. The rate was at a 41% low in 2000.
Bernanke said the most frustrating part of the economy’s employment recovery has been its pace.
“The recovery has been so slow,” he said in his press conference. “As the head winds lift, financial stress lessens, and the housing economy improves, we hope to see the employment improve.”
He said he expects the growth in employment to remain at a slow pace.
That news is not completely reassuring to recent bachelor’s degree graduates looking into the job market, since a majority of them are currently represented by jobs that require a high school diploma or less.
College students talk about the “Freshman 15.” That’s the typical number of credit hours a full-time student takes during a semester. Some also claim it’s the number of pounds students gain eating dorm food and studying all night.
New work from researchers at Washington University in St. Louis confirms that most students do, indeed, gain weight in college. Reporting in theJournal of American College Health, the research team found that about 70 percent of students gained a significant amount of weight between the start of college and the end of sophomore year.
“It wasn’t surprising,” says principal investigator Susan S. Deusinger, Ph.D., professor and director of the Program in Physical Therapy at the School of Medicine. “Normally, eating habits in this group are not great. Most don’t eat five fruits and vegetables per day, and many don’t get enough exercise.”
In exchange for measuring their height and weight and asking them to fill out questio…