[slowhandluke]

By Lit Crit major I assume you mean English major. Or more specifically a Language major. It’s a set of skills that are rather important for everyday life much less fields like publishing, editing, writing. And since it encompasses history, psychology and philosophy as well, it’s the most well rounded field of study that produces the most well rounded humanities education.

Not really. 'Lit Crit' is a derogatory term for the politically correct postmodern nonsense. It wasn't intended to refer to a well rounded education in the classical sense.

And I'd still like to see a reference to an employers recruting ad for someone versed in Literary Criticism.

[Borges]

Literary Criticism = English. It’s what you study as an English major. Reading something and thinking and/or writing about it is an act of literary criticism.