Marketplace Morning Report for Friday May 9, 2014
China is in conflict with several nations over its claim to a vast part of the South China Sea. The battle with Vietnam is over both territory and potential oil under the sea, started by China moving an oil drilling rig near the contested Paracel Islands. Plus, it's graduation time! But the Class of 2014 isn't celebrating the job market. Young college grads face a 8.5 percent unemployment rate (it was 5.5 percent before the recession), and high school grads face high underemployment. Despite the economic recovery, it'll still take new grads awhile to find good jobs in a promising career.