Thought you had it tough looking for a job as you were about to graduate from college? Those graduating this year not only have it bad- but it is only about to get worse. According to a study conducted by the National Association of Colleges and Employers (NACE), employers expect to hire 22% fewer new graduates this year than last year’s graduating class. This is the biggest dip new hire recruiting has seen since 2002 when the 9/11 attacks and the dot-com downfall had hiring down 36%. This downturn however leveled off in 2003, rebounded in 2004, and was followed by almost four years of double-digit increases in hiring. This time around however, employers are uncertain when and if hiring will resume. The current economic situation has forced most employers to reevaluate their college hire plans. New graduates are advised to consider all options and not give up. They may find a job that they never would have expected ending up.
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