Why Engineers Are Pounding Pavements

Remember how, in college, the engineering majors got all the terrific job offers? A lot of them are looking for work now. The Bureau of Labor Statistics said on July 2 that the unemployment rate for engineers during the second quarter was 4.4%--up from 3.4% a year earlier and the highest since at least 1982, when job categories were redefined. What's more, those figures understate actual joblessness, because they don't count engineering graduates who are looking for their first jobs. BLS economists say engineering unemployment is up because of the sluggish economy, downsizing, and the drop in military spending.

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