Sunday, August 21, 2011

Job market shrinking for college grads - Washington Business Journal:

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million students who will earn associat eor bachelor’s degrees in 2009. First, unemploymen among their peers is onthe Challenger, Gray & Christmas says the unemploymenr rate among 20- to 24-year-olds rose to 13.9 percengt in March, from 9.2 percent a year ago, while unemploymengt among 25- to 29-year-olds reached 10.9 percent in the highest rate since 1983. the current trend among employers is toreducee payrolls, not increase them. Challenger, Gray & Christmas says employerd have announcednearly 1.
5 million job cuts since last July and whils monthly job cuts have declined sincee reaching a peak of 241,749 in January, they have not fallehn below 100,000 in 2009 and may not for the remainderf of the year. employers that are still hiring are scalinf back their outreach to the newly educated as the pool of availabled experiencedworkers grows. Challenger, Gray & Christmase says employer participation in campus career fairs is down 20 percenty to 35 percent at the University ofSoutu Carolina, while scheduled on-campus interviews are down 15 percent to 20 The Wisconsin School of Businessw at the University of Wisconsin-Madiso has seen the numberr of companies coming to campus shrinki by approximately 15 compared to last year.
Challenger, Gray & Christmaas advises new graduates looking to cracki the tightened job market to adopt anaggressivew approach, including advertising their job search amongy former bosses, internship supervisors and doggedly pursuing face-to-face interviews with potential employers by visiting job sitex and waiting as long as it takes for a meeting; and usinfg Web research skills as well as networkingt connections such as Facebook and Twitter.

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