New grads, start a business if you can’t find a job

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By Diana Furchtgott-Roth, director of Economics21 at the Manhattan Institute, is the coauthor of “Disinherited: How Washington Is Betraying America’s Young.

Young people ought to consider being their own boss — as, for example, an interior designer for luxury homes — if they can’t find full-time work in this sluggish economy.

What can new college graduates do to maximize their chance of getting a job? Six years into the economic recovery, the unemployment rate for young people ages 20 to 24, at 9.6%, is more than twice that for those 25 years and older, 4.5%. Young Americans are having trouble finding employment, and they are dropping out of the labor force, leading to delayed life milestones.

It’s too late to change your major or your grade point average, but here are five tips that anyone can use successfully.

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