A record number of college graduates are currently out of work, according to recent statistics.

This week, CNNmoney.com reported that 1.413 million college graduates were unemployed, compared to 1.282 million high school dropouts without jobs.

"A lot of the job losses are the more higher paying jobs and it's just going to mean far fewer dollars flowing into the economy," Dr. Reena Aggarwal of Georgetown University told the website.

Despite the troubling economic numbers however, the national unemployment rate for those with a degree was 3.1 percent, less than half the regular unemployment rate. Janette Marx of Ajilon Global told CNN that this percentage would probably hold steady through the recession, even though broader job losses are widely expected in the coming months.

Worse for the national employment outlook was the Labor Department's recent report about 533,000 jobs being lost nationwide in November.

The unemployment rate is taking a toll on state governments as well. WTVW in Indiana reported recently that five states currently have less than three months left of funding for unemployment benefits, while another eight states have less than six months of funds.

Making ends meet is becoming tougher for millions of people, although there are some options such as payday loans to help meet short term financial needs.

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