About half (51%) of college seniors are not optimistic, they do not anticipate receiving any job offers when they graduate, a decrease from the 53% of last year’s class, but a significant increase from the 23% recorded in 2001. Aware that they are also competing with the 35% of last year’s class that has yet to find employment, only 12% of 2004 graduates think they face a better job market than did college seniors last year.
MonsterTRAK, a division of Monster, an online careers site, also found that more than half (57%) of graduates plan to move back in with their parents, joining the 50% of 2003 grads that are still living at home and 16% are going to graduate school.
Offshoring was a larger concern for 2003 graduates, with 44% worried that it will affect their chances of getting employment, while about one-third (34%) of 2004 graduates felt the same.
Companies are beginning to hire, however, MonsterTRAK shows. Seventy-three percent of employers surveyed report plans to hire entry level workers during the spring or summer of 2004. Additionally, about half (51%) of employers anticipate offering an average starting salary over $30,000 for entry-level workers, an increase from the 42% of employers recorded last year.
Sales, with 27% of all current entry-level jobs, was, by far, the sector with the most job opportunities. The rest of the top four were Administrative and Support Services (10%), Health care (7%), and Customer Service and Call Center (6%).
According to MonsterTRAK data, the states with the most entry-level job opportunities are
- California (15%)
- Florida (7%)
- Texas (6%)
- New York (6%)
- Illinois (5%),
while the top cities for entry-level employment are
- Los Angeles (7%)
- New York City (7%)
- Philadelphia (5%)
- Boston (4%)
- Chicago (4%).