Jobs for College Grads Growing at a Snail's Pace

Just as thousands of college graduates are walking across the stage to receive their diplomas, the U.S. Department of Labor announced frail May jobs figures.

Unemployment ratcheted up a notch to 9.1 percent and the U.S. economy added just 54,000 jobs last month — barely one-third of the 150,000 needed each month to return our nation to prosperity.

Even more troubling, economists think the true national unemployment numbers may be much higher. That’s because the government doesn’t count the people who have given up searching for a job, those who are underemployed — working any job just to get a...