Magazine article Workforce Management

Bleak Hiring Outlook for New Graduates

Magazine article Workforce Management

Bleak Hiring Outlook for New Graduates

Article excerpt

CLASS OF 2009

Seniors graduating from college this year will get diplomas, but they may not get jobs.

Employers expect to hire 22 percent fewer new graduates from the college class of 2009 than they hired from the class of 2008, according to a new study by the National Asso- ciation of Colleges and Employers.

The latest numbers also differ significantly from the fall, when employers' hiring projections looked flat.

"Earlier, employers indicated that they expected to keep their new college graduate hiring levels even with last year," Marilyn Mackes, the association's executive director, says in a statement. "Our current survey shows that college hiring is as affected by the economy as other types of hiring."

The drop in anticipated college hiring is part of an overall slack labor market, which has worsened rapidly amid the recession.

The expected decline in new-grad hires was prompted by the deteriorating economic situation, says the association, a professional group that forecasts trends in the job market.

"More than two-thirds of employers said the economic situation forced them to re-evaluate their college hiring plans, and nearly all of those said they have decreased their planned number of hires," Mackes says in the statement. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.