This year's graduating class is facing a very scary job market, one that has most graduates unemployed. 

According to CNN Money, people graduating college in 2013 may not find what they are looking for. New statistics show that college grads under 25 have an unemployment rate of 8.8% and most that do work are in jobs that don't require a bachelors degree.

The report continues to say that the people who are graduating that do find jobs will see less earnings than in previous years. Young college grads are making $3,200 less than grads in the year 20000.

[CNNMoney]