"You know close to 50% of new grads are unemployed right?" No, I didn't know that, but the statistic itself is largely unhelpful without a demographic breakdown. I would be curious as to the distribution itself by degree. I would additionally hypothesize that degrees that are more "geared" towards entering the workforce (Engineering) would have significantly lower unemployment numbers than degrees that are primarily designed as an intellectual pursuit. While there is nothing wrong with intellectual pursuits, obtaining such as degree without the desire to ultimately enter academia is a strategically poor decision to make.

I imagine that re-stating this metric by degree will tell a very different story.