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SCHOOL’S
OUT – NOW WHAT?
The Job Market For
Graduating Seniors & Grad Students
Is Tougher Than Ever This Year!
CONTACT: Dave Bowman, 323.936.6600
75% of college students in
2000 thought they would be millionaires someday, according to a study
by the accounting firm, Ernst & Young. Now, they’re happy just
to have a job!
Facts
The U.S. Bureau of Labor Statistics
indicates that the jobless rate for 20 to 24 year olds – many
college grads now in the job market – is 9.6%! That’s
nearly 4% more than the national unemployment rate and almost 3% higher
than last year. The rate for 16 to 19 year olds – those coming
out of high school – is an alarming 16%, or about 10% over
the national average.
And – another troublesome
fact: more that 44% of all unemployed are under the age of 30,
according the Employment Policy Foundation!
What’s the problem?
- The slow economy,
with layoffs everywhere.
- Older workers are taking
entry-level jobs youngsters usually get.
- Lack of experience
in young job applicants.
- Tech industry collapse
– a traditional place for grads to start careers.
How can university and high school grads “beat the odds”
and land that dream job in these tough times?
- Don’t limit your search
to just company interviews on campus!
- Do some “self-assessment”
for discovering interests, strengths/skills and accomplishments
from summer and extracurricular jobs.
- Decide what industry
and company function can use what you offer.
- Look thru the internet
job posting sites – and look for small to medium sized companies
(they may not be laying off workers).
- “Network”
with family friends – ask who might know of a company interested
in your interests, strengths/skills and accomplishments.
- Send “broadcast
letters” to potential employers – but they must be FOCUSED
on what you can do for the company (requires research!).
- Try for internships
(paid or unpaid) during the school year – interns can get permanent
jobs after graduating (they’re too good to lose!).
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