sad grad
n. A recent university graduate who is deeply in debt and has few or no good job prospects.
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Examples
2003
In this year of the "sad grad" with few entry-level jobs around even for college graduates, a workplace expert advises teens to remain flexible in looking for summer jobs.
—Ellen Beck, “Of Human Interest,” United Press International, May 23, 2003
2003
In its spring report on workplace trends, the Chicago-based outplacement firm Challenger, Gray and Christmas noted the changing lingo.

A Sad-Grad, said CEO John Challenger, is a recent college graduate with no job prospects, deep in school debt and credit-card bills and living with his or her parents.
—Andrew Herrman, “Cubicle culture inspires its own language,” Chicago Sun-Times, May 20, 2003
2002 (earliest)
Sad grads: The National Association of Colleges and Employers in Bethlehem reports that U.S. companies overall expect to hire 36.4 percent fewer college graduates this year.
—Christian Millman, “Summer grads scramble for fewer jobs,” Morning Call, May 19, 2002
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