The New Year Brings Hope For Graduates
With a financial crisis in full swing, rising unemployment, and consumer confidence and market indicators at their lowest point since 2002, it’s hard to find a silver lining in this cloud hovering over us. But despite this current climate, the New Year should bring opportunities to college students who are about to enter the work force.
An aging population, government spending on defense and infrastructure and even the financial crisis will translate into opportunities for college students and recent graduates. The question is not about having opportunities, but about how many opportunities.
Baby boomers, roughly 77 million of them, form the largest living generation and they are starting to retire. Some will delay retirement, but the trend is inevitable and it will create opportunities. Gen Xers, who make up a group two thirds the size of boomers, will eventually take over the workforce, but their numbers are not enough to compensate.
The remaining gap will need to be filled by Millennials who are entering college, who are currently in school, or who have recently graduated. Employers will increase their college recruiting efforts. Granted, we are seeing a reduction in the number of schools that companies visit during the recruiting season, but many are also focusing more on recruiting at local colleges versus doing extensive travel in order to reduce costs.
Source: Cheezhead
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