Money Minute: Job Market Improves for College Grads

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The job market for college grads is improving.

College seniors about to receive their degrees are finding the job market a bit less scary than it's been in recent years. But many are still settling for jobs, often low paying positions, outside of their area of study. A government report shows the unemployment rate college grads was 10.9 percent last year. That's down from 13.3 percent in 2012 and the lowest rate since 2007.

These newly minted grads are joining a workforce that's far from happy. An annual survey by the American Psychological Association finds a majority of workers aren't satisfied with their professional growth opportunities. Many workers are also angry that their employers made them sacrifice during tough times, but have not shared their big gains in recent years. The Wall Street Journal is the first to report on this survey.

JetBlue Airways (JBLU) pilots have voted to unionize, after two previous efforts to do so were voted down. This time the vote was overwhelming, even though the JetBlue pilots earn about the same as their counterparts at the major carriers. The company recently warned that unionization could increase operating expenses.

The Dow and the S&P are now within one percent of their all-time highs. But the S&P's six session win streak is once again raising concerns that the market is near a top.

A study released this week by Bankrate.com shows a large majority of Americans don't trust the stock market -- apparently scarred by the market collapses in 2000 and 2008. Many of those investors are sticking with conservative investments like cash and bonds -- which have significantly underperformed stocks over the past few years.

The Dow Jones industrial average (^DJI) rose 65 points yesterday, the Standard & Poor's 500 index (^GPSC) gained 7, and the Nasdaq composite (^IXIC) jumped 40 points.

Finally, the NBA's Golden State Warriors plan to build what the team calls a "state of the art sports and entertainment center" in downtown San Francisco. It purchased the land from Salesforce.com.

-Produced by Drew Trachtenberg.


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d.barack

Copy paste dunce !

April 24 2014 at 12:56 PM Report abuse -1 rate up rate down Reply
d.barack

Look what the unions did for Jimmy Hoffa, and all those hard working ex-Hostess employees that are now working part time jobs, if any at all..

Looks like the arrogant sob, Jimmuh, got busted driving his Pink Howdy around, yesterday.

April 24 2014 at 10:06 AM Report abuse -2 rate up rate down Reply
2 replies to d.barack's comment
teaparty2implode

A new, groundbreaking feature documentary about the roots of the American economic crisis, and the continuing assault on working and middle class people in the United States. Heist boldly reveals the crumbling structure of the U.S. economy - the result of four decades of deregulation, massive job outsourcing, and tax policies favoring mega-corporations and wealthy elites.

http://www.rottentomatoes.com/m/heist_who_stole_the_american_dream_2012/

April 24 2014 at 11:06 AM Report abuse +1 rate up rate down Reply
1 reply to teaparty2implode's comment
d.barack

OMG, YOU MEAN CORPORATE AMERICA IS AS CROOKED AS CAPITOL HILL ? SAY IT AIN'T SO !

April 24 2014 at 1:00 PM Report abuse -1 rate up rate down
teaparty2implode

Corporate America stole the America dream. Today in congress corporate lobbyist rule they buy off politicians to legislate their agenda, which is cheap wages, no unions and no benefits. The American people no longer have a voice since corporate GREED has taken over.

Perhaps the most painful factor in the dismantling of a nation that used to value fairness is the shrinking of the middle class in tandem with creating a larger than ever gulf between the extremely wealthy and the extremely poor.

Smith makes the case that this did not occur by accident, or due to objective market forces. Instead, Smith shows how corporate chieftains in cahoots with their stockholders rather than their employees sold out those employees — sold them out with the blessing of U.S. senators, U.S. representatives, U.S. presidents, presidential appointees at executive branch agencies and a bare majority of U.S. Supreme Court justices validating the decisions of mostly Republican-appointed lower court judges.

"Americans, more than people in other countries, accept some inequality as part of our way of life, as inevitable and even desirable — a reward for talent and hard work, an incentive to produce and excel," Smith writes. "But wealth begets wealth, especially when reinforced through the influence of money in politics. Then the hyper-concentration of wealth aggravates the political cleavages in our society."

Smith's book compares favorably with The Betrayal of the American Dream, the latest in the opus of Donald L. Barlett and James B. Steele. Barlett and Steele, who began as reporting partners at the Philadelphia Inquirer and are now on retainer at Vanity Fair magazine, have published eight books, six of which constitute what might fairly be termed the "violation of the American Dream series.

http://www.usatoday.com/story/money/business/2012/09/30/review-steal-the-dream/1601307/

April 24 2014 at 11:19 AM Report abuse +1 rate up rate down Reply
2 replies to teaparty2implode's comment
d.barack

Bla Bla Bla bla Bla Bla.

April 24 2014 at 12:58 PM Report abuse -1 rate up rate down
d.barack

plaguristic simpleton partisan hack, go get a job.

April 24 2014 at 1:19 PM Report abuse -1 rate up rate down
mily469

unionized pilots are great but how about the mechanics? I like union mechanics too.

April 24 2014 at 9:46 AM Report abuse rate up rate down Reply
maceandemma

Good for those pilots. Strong Unions make for a strong economy.

April 23 2014 at 4:22 PM Report abuse +3 rate up rate down Reply
1 reply to maceandemma's comment
d.barack

You gave Mac an Enema ? How did that turn out ?

April 24 2014 at 3:33 AM Report abuse -1 rate up rate down Reply
d.barack

Evan Irq Barthold, you are a real dunce.

April 23 2014 at 2:22 PM Report abuse -4 rate up rate down Reply
obielies

vote~~> http://www.teaparty-platform.com/ <~~ in 2014 n together we can put a stop to obamits ~"WAR ON AMERICA"~ along with his record unemployment n record foreclosures for the last 5 years now. !!~~TP/ 2014~USA. !

April 23 2014 at 2:19 PM Report abuse -3 rate up rate down Reply
d.barack

Mary Kay representatives must be jealous of Jimmuh's Pink Howdy.

April 23 2014 at 2:04 PM Report abuse -3 rate up rate down Reply
progressivehoax

Barthold keeps spewing the copy and paste crappola and irqhide continues boasting about something he wishes he could afford. What a country.

April 23 2014 at 1:32 PM Report abuse -4 rate up rate down Reply
rtutbucks

I will never fly Jet Blue again

April 23 2014 at 1:07 PM Report abuse -5 rate up rate down Reply
1 reply to rtutbucks's comment
d.barack

What if they offer free airfare ?

April 23 2014 at 1:23 PM Report abuse rate up rate down Reply
Tom

The economy has NO chance of improvment as long as we have Bill Clintons' NAFTA. You CAN NOT replace $30 a hour jobs with $10 a hour jobs.........
They just keep hoping that we ALL will forget. But that will never happen.

April 23 2014 at 1:02 PM Report abuse +1 rate up rate down Reply
1 reply to Tom's comment
sam54ct

Dead back one year before Clinton, it was Bush Senior, who along with Mexico, and Canada stood on stage, on the News, and signed off on NAFTA. Clinton Ratified the agreement, ie. made it Law.

April 23 2014 at 2:12 PM Report abuse rate up rate down Reply