New Grads Increasingly Turning to Jobs in Service, Volunteer Sectors
With the nation's unemployment rising to a 25-year high this month and the financial sector in turmoil, job prospects look bleak for many college seniors set to graduate this spring.
President Obama has followed up on his campaign calls for service with an increase of $241 million in the 2010 federal budget for AmeriCorps and $201 million in the stimulus bill for the Corporation for National and Community Service.
On March 10, the Senate Health, Education, Labor and Pensions Committee held a hearing on the Serve America Act, which would expand AmeriCorps from 75,000 to 250,000 positions.
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