Angelina Jolie Apple Art Ashlee Simpson Ashley Greene Auto Cars Bank of America Barack Obama Beauty and Style Beauty-Style Bernanke Beyonce Brad Pitt Britney Spears Brittany Murphy Business Ideas Business News Car News Car Photos Car Reviews Car Videos Carmen Electra Casey Johnson Celebrity Celebrity Nails Cheryl Cole Chopper Lane Splitter Chris Rowe Christina Aguilera Christina Hendricks Cindy Crawford Clinton Clip Coming Soon Comment faire un Avion en papier Companies Credit Cards Dalene Kurtis Daniel Mica David Beckham Deborah Caprioglio DietFitness Drawing & Coloring Earthquake Economy Eirik Solheim Entertainment Facebook Facebook-Games Farmville Fastion Forex Funny Game Game Info Game News General Motors Gold Golden Globes Haiti Halle Berry Holly Madison Hot News Hot Women How To How to Make How To Read A Forex Chart HOW TOs Insurance International Investing Ipad Iphone Jennifer Hawkins Jennifer Hudson Jessica Simpson Jobs Joe Weisenthal Kat Dennings Kate Moss Kate Winslet Katie Price Katy Perry Keeley Hazell Kelly Brook Kelly Clarkson Kim Kardashian KT Tunstall Laetitia Casta Leah Marville Leona Lewis Leonardo DiCaprio lesbian Lesbian-Questions Lily Allen Lindsay Lohan Liz Pulliam Weston Loan Centre Louis Navellier Lynda Carter Make Money Mariah Carey Marisa Miller Mayim Bialik Megan Fox Michael Jackson Michelle Obama Miley Cyrus Miss World Molly Sims Movie Info Movies Mutual Funds Nail Art Tutorial Nail Samples Nails News Nicolas Cage Nicole Polizzi Nicole Richie Oirigami Useful Origami Origami Airplane Origami Animal Origami Animal Easy Origami Animal's Face Origami Boat Origami Box Origami Flowers Origami Useful Osama Bin Laden Pamela Anderson Paper Airplane Paula Sladewski Personal Finance Pete Wentz Play Game Online Police Porsche Quotes about Life Rachel Zoe Real Estate Rihanna Sara Barelles Sexual Health Shakira Shannon Elizabeth Shocking Sienna Miller Star Stocks Strange Story Stupid Celebries Susan Boyle Taiwan Tamil Tiger Teens Tila Tequila Today's Big story Top Game Top Video Trading Trailers Travel Twilight Victoria Beckham Video Women Women-Family Women-Health Women'sHeath

Job outlook for 2010 grads: Still stinks

4:29 AM
Hiring for graduates will remain near its lowest level in decades after 40% plunge last year, new survey says. But hiring will spike 15% at smaller companies.
NEW YORK ( -- It's a tough time to be starting a career.

Job prospects for the class of 2010 remain bleak after hiring of new college graduates plunged 40% this year to the lowest level in decades, a new report shows.

Jobs for graduates with bachelor's degrees, which account for 61% of all new graduate hires, will drop nearly 1% in 2010, according to Michigan State University's survey on recruiting trends.

Overall, hiring of grads with any degree will decline by 2% compared to 2009.

"Things fell apart really fast last year, but it looks like the job market for graduates has hit a bottom," said Phil Gardner, director of MSU's Collegiate Employment Research Institute, which conducts the annual survey.

For sure, the job market in 2009 suffered an extraordinary decline. A year ago, Gardner anticipated that employment for new graduates would fall by as much as 10% in 2009. The national unemployment rate, now 10.2%, was 6.8% last November.

Hiring of master's degree graduates will plummet by 11% based on a weaker labor market for accounting students, the study said.

Jobs for Ph.D.s will spike by 20% and those for MBA graduates will rise 11%.

Who's hiring? Large companies, those with more than 4,000 employees, plan to decrease hiring of all graduates by 3%, and medium-sized companies, those with between 500 and 4,000 employees, expect to lower hiring by 11%.

Smaller companies, however, may provide a bright spot in the job market for new graduates.

Employers with fewer than 500 staff members said they expect hiring at their companies to jump by 15%. These companies will hire 11 new graduates on average in 2010, and 8 of them will be at the bachelor's level.

A third of employers said they would consider graduates regardless of their major.

"Employers want to be much more flexible," said Gardner. "They want skill sets that they can plug in anywhere as the they evolve instead of getting stuck with someone focused in one area."

But even as companies look for versatile candidates, the most sought-after graduates are those who majored in environmental science and statistics, for whom job opportunities will climb by 6% and 11%, respectively.

"There is a reawakening in American society that environment sustainability is important, and there's also a lot of stimulus money in that area," Gardner said. He added that statisticians are in demand because they are "quantitatively literate and companies are looking to tap into people that can manipulate and understand numbers."

Hiring will increase in sectors such as agricultural production, food processing, nonprofit and manufacturing. Hiring in consulting services, including engineering, computing, research and marketing, will hold steady at last year's pace.

By Hibah Yousuf,

Post a Comment


Author Name

Xin chào mọi người

Contact Form


Email *

Message *

Powered by Blogger.