2015 Might Be the Best Time in a Decade to Go Job Hunting

By Toland, Bill | Pittsburgh Post-Gazette (Pittsburgh, PA), January 18, 2015 | Go to article overview

2015 Might Be the Best Time in a Decade to Go Job Hunting


Toland, Bill, Pittsburgh Post-Gazette (Pittsburgh, PA)


Good news for those of you perpetually making Jan. 1 resolutions to find a new job: This might actually be the year.

With national unemployment at 5.6 percent (lower locally), with raw job growth at a 15-year high, and with hundreds of thousands of baby boomers retiring each month, the job market is loosening up and the labor pool is tightening.

That means for college graduates, the unemployed, the under- employed and even the currently employed, 2015 might be the best time since in a decade to go job-hunting. "Obviously, the economy has improved the last couple years," said Andy Teach, author of the career advice book "From Graduation to Corporation."

And the holidays can be a slow time for hiring. Human resources departments are trying to clear their plates of end-of-year issues, and companies will often put off hiring until the new year so they have a better idea of what their personnel budgets look like.

"As soon as January hits, now all of the sudden, everything is ramped up," Mr. Teach said.

Hiring could be ramping up across the board: After an extended down market for college grads, the job market for those new graduates has turned a corner. "Employers are recruiting new college graduates at levels not seen since the dot-com frenzy of 1999-2000," according to a 2014 survey from Michigan State University's College Employment Research Institute.

Hiring for those with bachelor's degrees is forecast to increase by 16 percent this year, according to the survey, and those with advanced graduate degree should see an even larger spike in hiring. …

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