Date uploaded: 2022-06-22 12:45:24
Many of this year’s college graduates are joining the workforce at higher job levels and pay, or they are placed on accelerated career tracks.
Employers are falling over themselves to snare the newly minted workers —trotting out sweetened offers as they grapple with widespread labor shortages.
“It’s a bit of a feeding frenzy,” says Julia Pollak, chief economist at ZipRecruiter, a job site. College grads “kind of seem like a pot of gold.”
Employers planned to hire 31.6% more college graduates in 2022 than last year, according to a survey in March by the National Association of Colleges and Employers.
Comparatively, students who graduate during downturns — such as the Great Recession of 2007-2009 — suffer earnings losses and downshifted career trajectories that can last at least a decade, studies found. The opposite is the case for those who enter booming job markets.
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