After many years of depressed wages and high unemployment, the job market is looking up for college graduates, analysts say. Job prospects for members of class of 2017 are better than those who graduated in the wake of the recession. At that time, there were limited jobs and college graduates had to compete with more experienced workers.
The National Association of College and Employers survived employers, who expect to increase hiring by 5 percent from last year.
Just this month, the Economic Policy Institute reported that wages are recovering and the unemployment rate for college graduates between 21 and 24 years of age has decreased to 5.6 percent, which is one percentage point of its precession level.
The jobless rate for young graduates is still higher than it was in 2000 when the economy was strong. However, the recovery has been slow, but steady.
Career center directors at Morgan State University, University of Maryland, Loyola University Maryland, University of Maryland College Park and Johns Hopkins University say they see positive hiring trends, which reflect on their campuses as employers increase their participation in business networking events and jobs fairs.
Career Center director Christine Routzahn said about 650 employers, including Johns Hopkins Applied Physics Laboratory, National Security Agency, T. Rowe Price, Lockheed Martin and Morgan Stanley, recruited at UMBC this year. Northrop Grumman alone hired 100 UMBC graduates for summer internships and permanent jobs this year.
Loyola saw a 23 percent increase in job interviews this year. Many employers focus primarily on particular skills and majors, while others place more emphasis on the graduate’s ability to problem solve.
Last year, nearly 92 percent of bachelor’s degree graduates at the University of Maryland enrolled in graduate school or found jobs within six months of graduation.
Anne Arundel County public schools are facing a teacher shortage, recruiting at area colleges is an essential part of their hiring efforts. This year, the school district recruited at 26 colleges with expectations of hiring 700 new teachers for the next school year.