CHICAGO ? With the nation’s employers finally beginning to ramp up hiring, this year’s crop of nearly 1.7 million college graduates should enjoy the most welcoming entry-level job market in the past three years.
However, finding a position will by no means be easy and many spring graduates may have to settle for less money or for a job outside of their preferred career path, according to a new outlook from global outplacement consultancy Challenger, Gray & Christmas Inc.
?Entry-level hiring has not returned to pre-recession levels, but this year?s graduates should find markedly improved job-search conditions. Colleges and universities around the country are reporting increased on-campus recruiting and surveys of employers indicate more graduate hiring, as companies rebuild their bench-strength after massive layoffs during the downturn,? said John A. Challenger, CEO of Challenger, Gray & Christmas.
After months of tepid job creation, it appears that employers are finally beginning to accelerate hiring. The latest data from the Bureau of Labor Statistics show that in 2010, private-sector payrolls averaged net gains of 98,000 new jobs per month. In the first three months of 2011, average monthly job gains have jumped to 188,000. In February and March alone, private-sector employers added 470,000 new jobs, the largest two-month employment gain since 2006.
The surge in hiring could not have come at a better time for college seniors, many of whom are just a few weeks away from graduation. A survey of 170 employers by the National Association of Colleges and Employers (www.naceweb.org) found that they plan to increase hiring of new graduates across all degrees and majors by 21 percent.
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