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Tough job market ahead for graduating class

The graduating class of 2013 will see a tough economy in terms of the job market.

According to LifeInc.com, graduates will have a hard time finding work.

Heidi Shierolz, with the Economic Policy Institute, explained that this high unemployment rate is expected, given the economy's current condition.

"The unemployment rate of young workers is exactly what we would expect it to be just given the broader weakness in the labor market," Shierholz said.

The analysis also showed that high school graduates made an average of $9.48 an hour in 2012 while college graduates made $16.16 an hour, which demonstrates a wage fall in the past decade from the weakening economy.

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