University degrees do not grow an economy. That is why this has nothing to do with what we are talking about.
How exactly are these unemployed engineers suppose to grow the economy?
"University degree" is a stand in for "university educated"....
So how do unemployed engineers grow an economy?
What's causing their unemployment?
The labour market is saturated because we have an excess of engineers.
What is the limitation causing the labor market to be engineer-saturated?
An excess of engineers graduated from university and saturated the labour market. Now we have a bunch of unemployed engineers and wages for engineers has dropped because of the excess supply of graduates.
Interesting thread so far

I need your guys' help understanding something, because the unemployment rate always seems
http://www.computerworld.com/articl...-declines-nearly-10-but-developers-up-12.html
There were 1.235 million people working as software developers last year, and 271,000 electrical engineers, according to unpublished U.S. Bureau of Labor Statistics data.
Electrical engineering is a critical occupation that's often described as key to technological innovation. But this occupational category has been shedding workers for years. In 2006, for instance, there were 382,000 people working in this field.
"A nearly 10% decline in jobs from one year to the next, in a field that is supposed to be booming, is troubling," said Russ Harrison, IEEE-USA's government relations director...
...The unemployment rate for electrical engineers was put at 2%, near its historical low, and for software developers at 2.5%.
How does a profession that lost 10% of its jobs last year have an unemployment rate of 2%?
The article mentions things like moving jobs or retiring, but it boggles the mind that such a seismic vanishing of jobs would not spike the unemployment rate.