No more waiting out the tough economy in graduate school. The military's seeing a spike in the number of diploma-holding enlistees.
With the unemployment rate hovering near the 10 percent mark—and hiring freezes and layoffs still the norm—an increasing number of college grads are turning to the one employer who's always hiring, even in tough economic times: Uncle Sam. The number of bachelor's degree holders enlisting in a branch of the United States Armed Services is on the rise.
Over the past two years, the Army's seen the biggest spike in diploma-holding enlistees. In 2010, almost 6,000 college graduates signed up for duty, 2,000 more than in 2008 when the economy still seemed healthy. The Navy saw 1,425 college graduates enlist, up from 1,000 in 2008 and the Air Force bumped its college graduate enlistment up to 900 from 2008's total of 553.