Every year the National Association of Colleges and Employers surveys companies to find out about their plans to hire new college graduates. The Job Outlook for 2016 grad report shows that hiring for 2016 college grads is expected to be up by 11%.
This is a slight increase over the Spring 2015 report when companies indicated a 10% hiring rate for that graduating class.
While this job outlook report, coupled with the lower unemployment rate of 4.9% for January 2016, spells good news for graduates, they need to be aware of serious competition for good jobs. Graduates with multiple internships, study abroad experiences, higher GPAs and campus leadership experiences will get hired first!
There are a few factors that could still have unpredictable impact on the job market this year including:
Lowering oil prices which might impact industries across the board and have significant impact on salaries in the petroleum industry.
The US Presidential campaigns could see a spike in hiring in certain occupations such as media and communications which disappear after the election.
Ongoing organizational restructuring, mergers and acquisitions or disappearing industries.
The Class of 2016 should be working with the career center, signing up on niche job boards and joining professional associations for the cheaper student rates before graduation. This Ready, Set, Graduate checklist can help!