Monday, May 18, 2009
NACE Can't Sugarcoat: Job Market for New Grads Sucks
You can usually rely on the National Association of Colleges and Employers for some happy talk about how this year is the "best ever" for employment for new grads.
Not in 2009.
"NACE’s 2009 Student Survey shows that just 19.7 percent of 2009 graduates who applied for a job actually have one. In comparison, 51 percent of those graduating in 2007 and 26 percent of those graduating in 2008 who had applied for a job had one in hand by the time of graduation."
Not only have fewer found jobs, fewer are even looking for work. And, interestingly, you don't see too many going to grad school, either.
What's the plan, guys? Move to Norway?
chart via Planet Money