By JOSH BOAK
President Barack Obama and other members of the administration may be giving warm advice to freshly minted graduates at commencements across the country, but the reality is the job market is now much colder.
More than a million new bachelor degree holders are about to begin to break into an economy that doesn’t have enough jobs to support the people who already were in it, and will struggle to absorb them. They’re already facing the prospect of huge student loans — with interest rates for those being the subject of most of the political conversation about new graduates.
Things don’t look much better for their hopes of earning incomes so they can start making the payments on those loans, or much else.
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