With college graduations just around the corner, we have some bad news for this year's crop of eager fresh-faced young grads.  We don't want to rain on your parade, but you should know that the prospects of getting a meaningful job in your chosen career field are worse than they've been in years.

So you need to be prepared with a Plan B.

It's now reported that more than half of all bachelor's degree holders under the age of 25 last year -- 53.6 percent of them -- were jobless or underemployed -- the highest percentage in at least 11 years.

A majority of those who are working are scraping by in low paying jobs that don't require a college degree.  What's worse, no one can say when or if this situation will turn around, or what will have to happen to make it turn around.

There's more information and an analysis of this depressing situation online at:

via 1 in 2 new graduates are jobless or underemployed - KTRE.com Lufkin and Nacogdoches.