Friday, May 15, 2009

Not many graduates landing jobs.

This paragraph from this Businessweek article would really scare me if I had not managed to get a good job:

The job market is particularly bad for young people because companies, which now have their pick of candidates, are favoring experience. Companies say they plan to hire 22% fewer graduates from the Class of 2009 than they did from the Class of 2008, according to a recent study by the National Association of Colleges & Employers. Only about 20% of 2009 graduates who applied for jobs have gotten one. (By comparison, 51% of college students had a job by the time they graduated in 2007, the group said.) In some cases, employers are able to fill entry level jobs with experienced people.

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