This is great news for us graduating seniors as in the past this has been a very frustrating time. It gives us a great deal of hope seeing these figures that we will not have too difficult of a time landing a positing upon graduation. It is great to see the ten percent increase for business majors because I'm sure several in the class are looking to pursue a career in this field.
Sunday, April 1, 2012
New graduates see an improving job market
Job openings have been increasing this year and those graduating now are seeing far more openings than were available just a year or two ago. According to National Association of Colleges and Employers, the 2012 hiring is expected to increase to 10.2 percent which is considerably better than the 9.5 percent a year ago. GE, Amazon, and Apple are some of the current companies who have increased the number they are hiring and newer have job openings. There is a reoccurring pattern these days for many college students where they are often receiving call-backs for several jobs which was quite rare in recent years. Also, undergraduate business majors full-time job offers have risen nearly ten percent. These are all signs that we are seeing a recovery in the economy.
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3 comments:
This is definitely a good news. Also, as reported in other articles, it created around 20,000 new jobs in February, which lowered the unemployment rate and stable the labor market. In other words, given the report that the entire labor market now is in a trend of recovering is a good sigh of economic growth. Moreover, as graduates is probably the biggest group who will make loans for housing or further education, the improving job market will strengthen graduates’ confidence to consumption, and therefore generate a optimistic outlook of the market.
I think this is definitely an encouraging step toward the right direction. It gives people, especially in this age range, hope that the job market is recovering and that progress will be continued in the future. I also agree with the above comment that securing a job or at least possessing more confidence in a job will increase consumer confidence in spending.
I'm curious to know that despite the positive forecasts that recent college graduates will be hired, I want to know if it means that current employees will be fired and replaced with these young workers, or if there is actually NEW job creation going on... in other words, will the unemployment rate fall if there's a creation of new jobs, or will it remain the same if the college graduates are simply replacing current, older folks?
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