Posted April 09, 2008 by

New college graduates find a strong job market

Reprinted courtesy of
LOS ANGELES, CA — New college graduates this spring can count on a welcoming job market as employers seek to replace a baby boom generation reaching retirement age. Employers are planning to hire 16% more 2008 college graduates than they did a year ago, according to projections from a survey by the National Association of Colleges and Employers.

The strong market for graduates stands in contrast with the weakness in the labor market generally. The government reported recently that U.S. employers cut 63,000 jobs in February, the second-consecutive month of job losses. Nearly 54% of employers said they will use signing bonuses to sweeten the deal for potential hires, according to the NACE, up from 47% in 2007. In particularly high demand: majors in marketing, engineering and computer science.
By recruiting college graduates, employers are dealing with the long-term drain from retirements of their oldest workers. The number of workers age 55-plus is expected to grow by 49% in the 10-year period ending in 2012.
Article abridged from USA Today, and reprinted from Get the latest breaking News, Tips and Tools for your job search, Free!

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