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Sat November 19, 2011
Job prospects brighten (but not for older college grads)
A Michigan State University study says the job market for this year’s college graduates looks better. But the same cannot be said for those who entered the job market during the past few years.
Michigan State University’s annual Recruiting Trends study predicts a 4 percent rise in hiring of new college grads. But what about those who’ve graduated since the recession began in 2008?
Phil Gardner is the director of MSU’s Collegiate Employment Research Institute. He says job seekers who graduated between 2008 and 2011 are still not in demand.
“So we have a huge problem for…about a three year pocket of graduates, and maybe even more, that are misaligned out there …haven’t been able to get attached to the labor market in a positive way," says Gardner.
Gardner says those graduates will just have to wait for hiring levels to increase substantially more before they will probably get their chance to get their career started.