Posted on 08/30/2011 8:23:00 AM PDT by SeekAndFind
Students graduating from college in spring 2011 faced an odd sort of serendipity. Of course, there have been better years to enter the job market. But at the start of the year, as many companies determined their entry-level hiring budgets, corporate earnings were strong and the economy showed signs of recovery.
“Hiring picked up in spring. It was pretty fortuitous,” says Robert Conners, who received a bachelor’s degree in finance and business economics from Indiana University Kelley School of Business in May.
Conners signed an employment contract in the fall of his senior year with a firm that wound up liquidating months later, putting him in a rough spot his final semester. But things turned out fine. He graduated with three other job offers and now works in the Oakland (Calif.) office of Compass Lexecon, a consulting firm.
“I thought I would have to scramble because the leftover jobs in spring are usually slim pickings,” Conners says. But as it turned out, he says, “the timing was good.”
Growth in Bachelor’s Hiring
As overall job creation continues to sputter, Conners and other class of 2011 undergraduates are benefiting from a window of economic growth that led to the first hiring increase of newly minted bachelor’s degree holders since the class of 2008 entered the workforce. Business students reaped much of the benefit, and accounting jobs made a notable comeback after taking a rare plunge in 2010.
Hiring of new college graduates increased an estimated 10 percent this year after remaining unchanged in 2010, says Philip Gardner, director of research at Michigan State University’s Collegiate Employment Research Institute (CERI). Large companies with 500 or more employees accounted for the bulk of new hires, according to a report published in July by the Society for Human Resource Management, which supports CERI’s estimates.
(Excerpt) Read more at businessweek.com ...
“Large companies with 500 or more employees accounted for the bulk of new hires”
Wal-mart, McDonalds, etc.
ROFL
Happy days are here again
The skies above are clear again
So let’s sing a song of cheer again
Happy days are here again
Altogether shout it now
There’s no one
Who can doubt it now
So let’s tell the world about it now
Happy days are here again
Your cares and troubles are gone
There’ll be no more from now on
LOL. Businessweek must be yet another organization that is in the tank for obama’s reelection campaign.
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