According to a recent article in Rochester’s Democrat and Chronicle, joblessness may be at an all-time high, but debt collection agencies are raking in the bucks. Although the number of recent college graduates who can’t find employment is through the roof, Continental Service Group (also known as ConServe), which specializes in collecting student loan defaults, is creating jobs in Buffalo.

The article notes that the company has gone from 100 to 340 workers over the past five years, and that debt collection agencies have collected $376 million in federal student loans during the 2008 fiscal year. Western New York is home to many agencies, with 16 in the Rochester area and 90 in the Buffalo area.