The Jobs Come Looking For Grads
By Jeffrey Gangemi
University of Wisconsin Business School senior Joe Jennings is kicking back, enjoying his last few months of college life. And why shouldn’t he? Jennings received four job offers by the end of the fall semester and accepted a position at PriceWaterhouseCoopers in Chicago in late November.
Jennings says he was surprised by how easy it was to land a job. “It was awesome,” he says. “I got offers from companies I’d never even heard of — extremely painless.” The 23-year-old, who will earn a starting salary of $53,500 with a $2,000 bonus, is not alone. This year’s job market for undergraduates is the strongest since 2000. These job-market improvements are the most dramatic — and in some cases extreme — in years.
“There were a few employers that reported some pretty large increases, and I even called a few to see if there were mistakes,” says Andrea Koncz, employment information manager for the National Association of Colleges and Employers (NACE), a group of recruiters and university career services officials that researches workforce trends. Recruiters, some of whom had been missing on campus in recent years, have returned — and they’re seriously competing for top talent.
I think this article shows the great job market Americans have available in today’s economy. Despite all the negative press about the economy and near 59% of random Americans believe the economy is in a recession, jobless claims and the national unemployment rate continue to decline. Since 2003, the economy has created some 5 million new jobs, all while the population is continually growing and the unemployment rateĀ is reducedĀ to 4.8%.
Americans are spending more money than ever, thanks to the Bush tax cuts and reduced business regulation as passed in 2003. However, there is much more this President and Congress could do. Congress could make the Bush tax cuts permanent, increasing the amount of money in people’s pockets. Congress could also get rid of needless regulation that hinders economic growth and step away from protectionist economic tactics, allowing free trade to take a hold in other areas of the world. President Bush could use his veto power against pork-laden legislation or bills in which federal spending rises past current needs. The administration and Congress must be smart if they want to allow the United States economy to continuously grow as it has the past few years.
Remember, it is not the job of the government to create jobs, but it is the job of government to create an atmosphere promoting job creation.
March 23rd, 2006 at 8:20 am
It is important to note that with the aging baby boomers the job market is ever changing. In the next 5-7 years entry level jobs will be an easy target as others are moved up to fill the seats of those retiring.
March 30th, 2006 at 8:54 am
This is very true my friend. Once the baby-boomers start to retire, I definately agree we could see some type of brain drain in the job market or more specifically, the loss of talent and efforts by companies to recruit the best and brightest in order to fill those positions.