If you're worried about the unemployment rate remaining stubbornly high, just be thankful you aren't a recent college grad. The outlook remains very difficult for young people embarking on a career, and though hiring has been increasing in recent years, the momentum has started to slow. That's the conclusion of a report issued yesterday by the National Association of Colleges and Employers.
There was a rise in the hiring of college graduates last year, but the increase - just 2.1 percent - was the smallest since the economy collapsed back in 2009. That year, hiring of new grads plunged by more than 20 percent. If the hiring rate increases at just 2 percent per year, it's going to take an awful long time to get us back to normal.
There is one bit of good news for recent grads. The salaries commanded by those fresh out of college are on the rise, with the average starting salary at $44,298 in 2013, up from $42,666 last year. The most lucrative degree is that earned by engineering students, who earned an average starting salary of $62,535.
No comments:
Post a Comment