Tuesday, June 6, 2023
HomeStudentsBooming Job Market Awaits Class of 2022 Graduates: Report

Booming Job Market Awaits Class of 2022 Graduates: Report

-

Labor experts only have good news for the Class of 2022 after determining that the job market will be the brightest it’s been in for the longest time. 

The National Association of Colleges and Employers (NACE) job outlook report found that employers are looking to hire 31.6 percent more college graduates in 2022 than the previous year. 

“This could not be a better time to be a college graduate. Right now in the US, you have two job openings for every person looking for work,” Manpower Group Senior Vice President of Talent Solutions Jim McCoy said.

In April, the US added 428,000 jobs, with opportunities in every sector steadily growing. 

With 33 percent more jobs than the previous year, the US unemployment rate is now at 3.6 percent, a massive drop from 13.3 percent in May 2020. Furthermore, overall hiring continues to surge according to NACE Director of Research and Public Policy Mary Gatta.

Employment Landscape

The Bureau of Labor Statistics projects that a large number of job openings will remain through 2030 since the youngest baby boomers will reach retirement age. Plus, college students will likely have more leverage, as employers become more open to negotiation and higher starting salaries. 

“This is a wonderful time to be able to negotiate,” said McCoy. “In particular, there is much more availability around pay levels at different employers.”

Even if an applicant has asked for too much during their interview, Angie Wesley, head of talent acquisition at TIAA, said that her company’s response was not to rescind the offer.

“If their expectations aren’t realistic, we would try to understand their reasoning and provide some education and coaching if needed,” said Wesley.

You Might Also Like

Latest Posts

12 Best Quotes About Not Going to College (Plus Practical Alternatives)

Unsure about going to college? Take a page out of the book of successful dropouts and explore the practical alternatives to get your ideal lifestyle.

How to Apply for College in 9 Simple Steps

"Discover the nine steps that can boost your chances of getting accepted into your dream school, and before you know it, you'll know how to apply for college, be strolling across the quad, ready to conquer the world!"

These Are the 10 Degrees With the Highest Dropout Rates

Check out the college degrees with the highest dropout rates before you find yourself in thousands of debt stuck with a major you dislike.