The good news for parents of recent college grads: most of them are working. The not-so-good news: half of them are working jobs that don't require that degree you may well still be paying for.

That's the intelligence from CareerBuilder, producer of a study based upon data retrieved from interviews with 305 2014 college graduates. The survey suggests that an economy gathering strength has found places for all the glittering new degree-holders.

Overall, about 70 percent of the grads found either a job (65 percent) or an internship (4 percent). Less than one-third either haven't found work or haven't started a job search yet.

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Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.