$34,000.00 Worth of College and $5.00…

…will get you a cup of coffee at Starbucks:

The tough economy and tight labor market have tarnished the luster of a bachelor’s degree for young college graduates seeking employment.

New monthly survey data from the Center for Labor Market Studies at Northeastern University in Boston finds that during the first four months of 2009, less than half of the nation’s 4 million college graduates age 25 and under were working in jobs that required a college degree. That’s down from 54 percent for same period last year.

”I’ve never seen it this low and we’ve been analyzing this stuff for over 20 years,” said center director Andrew Sum.

Advice to college kids: move in to hard sciences – that MBA or degree in Feminist Theory just isn’t going to cut a lot of ice…you just will have to learn to do something useful in the making, mining or growing industries.