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.
Supporters hope to pass it before Congress recesses in April. The House could vote on its version of the bill as early as this week.
The Senate measure, sponsored by Sens. Edward Kennedy, D-Mass., and Orrin Hatch, R-Utah, would provide $5 billion over five years for minimal living expenses and an educational stipend for people of all ages to volunteer in the fields of health care, energy, education and the environment.
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