Policy: Economy

Study: College grads give up job hopes after just 7 weeks

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Politics,Education,Paul Bedard,Washington Secrets,Jobs,Economy

A new study of college graduates finds that most give up hope of landing their dream job, or even employment in their field, in just seven weeks as they take any position that will give them a paycheck.

With the economy still sputtering and only 40 percent of grads from the nation's top schools finding work in their field, according to Forbes, desperation seems to be settling in faster, according to the study by the sugar daddy website SeekingArrangement.com.

The website said that it has seen a spike in new members, mostly women, in June during the recession as they seek a little financial help from a sugar daddy. Before joining, the website conducts a survey of applicants and they've just released the employment numbers from graduates.

Typically the grads report giving up their job dreams after just seven weeks.

The study also said that those who graduated from schools in Washington and Philadelphia are having an especially difficult time landing jobs in their chosen fields.

"Every student exits college at the beginning of May full of hope and eager to start working," says Brandon Wade, founder SeekingArrangement.com. "By June graduates who have yet to land a job in their desired fields, have very few options open to them: settle for less pay than they deserve or settle for a job they don't want."

The survey revealed that 30 percent of new college grad members come from 20 cities in particular, making them the 20 worst cities in America for new graduates.

1. Philadelphia

2. Sacramento

3. Detroit

4. Washington D.C.

5. New York

6. San Francisco

7. Seattle

8. Phoenix

9. Baltimore

10. Atlanta

11. Columbus

12. Los Angeles

13. Salt Lake City

14. Tampa

15. Raleigh

16. Louisville

17. St. Louis

18. San Jose

19. Chicago

20. Austin

Paul Bedard, The Washington Examiner's "Washington Secrets" columnist, can be contacted at pbedard@washingtonexaminer.com.

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