Job Market Turns Around for College Hires

Posted by: Alison Damast on September 3, 2010

There have been some indications in recent months that the job market for college graduates was loosening up. Even business majors have gotten a bit of good news in recent months, with accounting and finance students receiving more and better job offers compared to last year.

But now there’s more conclusive evidence, according to the results of a new employer survey released today by the National Association of Colleges and Employers (NACE). Employers are projecting that they will hire 13.5 percent more graduates from the class of 2011 than they did for the class of 2010, according to the NACE fall preview survey.

The hiring picture started brightening this past spring, when employers indicated they planned to hire 5.3 percent more college graduates in 2010 than in 2009, according to NACE’s 2010 spring job outlook survey.

The results of NACE’s latest fall survey are even more encouraging, but it does not mean that the market has made a full comeback, said NACE Executive Director Marilyn Mackes, in a statement.

“This is positive news, but it is important to understand the data in context,” she said. “While the overall hiring projection is positive, less than half of those surveyed anticipate an actual increase in hiring.”

According to NACE’s fall survey, just under 48 percent of employers indicated that they plan to hire more students next year. Approximately 12 percent anticipate cutting college hiring further and 40 percent plan to keep hiring at the same level as last year, the survey said.

Readers and recent college graduates, how is your job search coming along? Are you finding that the job market is starting to get better?

Reader Comments

D

September 4, 2010 12:05 AM

I've been a college graduate for a year now, and I still can't find a suitable job. Since then I've worked retail management (for a laughable $8.50 an hour) and more recently at my parent's small business. I graduated with high hopes and a strong belief in my abilities, but with each passing month I become more and more discouraged. I know this won't last forever, but it still gets me down.

John Smith

September 5, 2010 8:39 AM

Obama's policies have failed. It is a jobless and extremly weak 'recovery.' Unemployment hovers at 10% and underemployment at 16-17%. The housing market is in the tank with foreclosures at record levels. The college hire outlook is still terrible compared to the Bush Adminstration. Anyone who paints this picture as good needs to have their head examined.

Joe Bloggs

September 24, 2010 3:42 PM

I am a graduate of the class of 2010, got multiple interviews late last year, and was offered a job in November at a consulting firm where I have been working since July. My classmates have not all been so lucky but they are also, for the most part, findings jobs albeit a few months after graduation.

Perhaps competition for the class of 2011 will be more fierce this time around given that many 09 & 10 grads are still waiting for jobs

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