The real world can be a scary place for a recent grad looking for his or her first job after college, but not all the trends are bad. Actually, some of them are good news for University of Utah graduates, especially if they have a diploma in an in-demand degree or are willing to relocate to the right regions.
And there is great news too: across all degree levels, hiring of grads is projected to increase by 4 percent. That may not seem like a huge jump, but it makes a big difference when looking for your first job after college. Before you indulge your pessimistic side too much, take a look at these other trends you should know about the job market, based on research conducted by the Employment Research Institute of Michigan State University.
− Over 40 percent of employers intend to hire this year. This is the biggest increase since way back in 2007, when it was just under 50 percent.
− Great news for recent grads with bachelor's degrees: hiring of these graduates is projected to grow by 7 percent this year.
− If you are looking for your first job after college, head to the South or to the Great Lakes region, where double-digit hiring growth is expected.
− Your best bets for finding your first job after college are small or large companies. Overall, they plan on increasing hiring this year while mid-sized companies will likely maintain their past hiring levels.
− Certain sectors will experience more hiring growth than others. Keep an eye on the health care, transportation, energy exploration, scientific research, insurance, retail, finance and insurance industries for the most job opportunities.
− Brush up on your sales skills because nine percent of employers report that commission will play a large part in salaries this year.
Understanding these trends will help focus your search and land your first job after college, but it is also important to network and find positions that best fit with your experience and qualifications. FirstJob can help with those important aspects of the job search. Sign up today to connect with professionals in your field and discover the best opportunities for recent University of Utah graduates!