Recession need not sink job hopes
This spring, 1.5 million university graduates will enter the one of the worst job markets in years. But in spite of an economy on the brink of recession it may not necessarily translate into a poor market for these grads. That’s not to say it’ll be a cinch for every graduate to find a job. While some industries are hot, others have gone cold. So each person’s result will depend on factors such as education and occupational choice.
The U.S. economy is shedding jobs, retail sales are down, and consumer confidence has plummeted — all signs of a downturn that keeps getting worse. The one advantage new college graduates have is that they cost less. Companies are not cutting back on their new hires because they tend to be less expensive. With that said, the National Association of Colleges and Employers predicts an average starting salary of $49,300 per year, up 4% from a year ago.
There’s also the perennial corporate goal of plucking the best employees from each graduating class. That’s particularly important now as millions of Baby Boomers rapidly approach retirement. There’s a demographic shift going on, and by 2011 there’ll be wholesale retirements,” said John Challenger, Chief Executive of Challenger, Gray & Christmas Inc., a Chicago outplacement firm. “So you better keep the pipeline filled. Workforce planning specialists feel they can’t let a single hiring season go by.”
MilitaryConnection.com is a portal of all things military. We have thousands of pages and hundreds of databases of valuable information and resources. There is something for everyone. All of this is provided free to users. Additionally, we feature all types of Articles like this one to keep you informed. We will post your press releases, special events, newsletters, professional conferences and seminars, reunions, job fairs, and videos to help organizations get out the word. One of the areas of our focus is connecting candidates from the military community with outstanding government and civilian employers. We are well aware that candidates from the military community across the board have a work ethic second to none. They make highly valued employees. MilitaryConnection.com has a multitude of employment resources including a Directory of over 30,000 employers, Job Tips, Columns, our Job Board, Virtual Job Fair and much more. We understand the importance of education. Please check out our new Scholarship Directory featuring thousands of scholarships. When the next tour is back home, it’s on MilitaryConnection.com.