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, theyre happy just
to have a job!
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%! Thats
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!
Whats 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?
- Dont 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).
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 (theyre too good to lose!).
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