I thought this was an important article especially for Seniors who will shortly be entering the job market after college. This article mentions six major industries which will (or continue) to take a hit as the year progress's. The housing and finance industries are obviously mentioned as two main markets that will continue to decline and thus suffer job losses. Retail is another industry taking a hit as consumers are purchasing less "non-essential" items in the market. The publishing industry, which includes digital media and broadcasting will be downsizing due to less advertising towards unwilling consumers. Sales for the big three automakers have decreased by 20% and is expected to fall further in the next year. Last the travel industry along with other "leisure activities" will continue to fall and cause further layoffs throughout the country and overseas.
How should the average graduating college student expect to cope with the struggling market? How should graduating students learn to enter the industry they wish to w/o the fear of layoffs or downsizing of companies?
4 comments:
exactly. not one knows. our best bet is try as hard as you can, and if that doesn't work, grad school and $100,000 in debt is calling.
The country's doin it, why don't be just join the bandwagon..
I wonder what the situation would be for the economic sector though... You could make an argument that companies might have a higher demand for employees trained in economics. Maybe they will pay us more money given the uncertain economic situation! Maybe we are lucky!
The domino effects hit America hard. Since we have similar traits w/ Japan's economic slowdown, I guess we will have much more short term, temporary contractor/employee now. As far as i see, a lot of international students have given up the US job market and heading towards home or other countries.
Globalization helps!
I'm also a senior who's graduating next May. It's just unfortunate that we are graduating such a hard time like this.
Now, I see why so many college students in Korea want to get government related jobs,where there is no layoff, long age limit.
I wonder what are the jobs that american students consider the best.
I'd appreciate it if anyone tell me~ :)
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