Thursday, April 28, 2011

Best Job Market for New College Grads Since 2008

The class of 2011 is enjoying the best job market for new graduates since the 2008 financial crisis, according to the National Association of Colleges and Employers. The turnaround is being driven by gains in finance, energy and technology, said Edwin Koc, who heads research at the association, reports Bloomberg.

The money is filtering through the system. The wage increases will be next. Whether you benefit or are damaged by the coming wage inflation depends upon what industry you are in. If you are seeing wage increases now, like those going on in the software industry, you are ahead of the price inflation wave.

“It’s quite a stunning comeback,” said Lance Choy, director of the career development center at Stanford University near Palo Alto, California, according to Bloomberg. “Over the past couple of years there’s been a lot of anxiety. It’s been a bleak time for students. We’ve come back from quite a dip.”
Postings at Stanford’s online job board for full-time positions surged 36 percent to 1,900 in the fourth quarter of last year compared with a year earlier, Choy said.

1 comment:

  1. I am starting to wonder. The other candidates are so bad and Ron Paul is so articulate in defending his positions that, dare I say it, he has a chance???