Hiring Down 7 Percent for College Class of 2010
Employers expect to hire 7 percent fewer graduates from the college Class of 2010 than they hired from the Class of 2009, according to a new report published by the National Association of Colleges and Employers (NACE).
Employers responding to NACE's Job Outlook 2010 Fall Preview survey expect to trim college hiring again this year, following significant cutbacks in hiring that affected the Class of 2009. The Class of 2009 saw employer hiring plans change almost overnight from a 6.1 percent increase to an decrease of more than 21 percent, thanks to the meltdown of the financial sector last fall. (See Figure 1.)
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