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Labor Market Tightening for New College Grads
2002 college graduates, particularly those with masters and doctoral degrees, can expect a tougher time finding employment after graduation next spring, according to the 31st annual Recruiting Trends survey conducted by the Collegiate Employment Research Institute at Michigan State University.
The survey of 286 employers, primarily in the manufacturing and professional services sectors, determined that graduates with bachelor degrees will see a 6 percent to 13 percent decline in hiring during the 2001-02 academic year. 2002 grads with master’s and doctoral degrees could see a 20 percent decline.
In addition, survey respondents reported hiring 34 percent fewer bachelor’s degree recipients and 45 percent fewer master’s degree graduates than they projected last year.
The largest declines in hiring include engineering, computer science, and business.
More information is available from the Collegiate Employment Research Institute website at: http://msutoday.msu.edu/