Hiring Next Year?

Maybe companies will soon starting employing all those college graduates with so much debt. According to a piece by the Collegiate Employment Research Institute at Michigan State University:

Despite the gloomy national labor market situation, the college segment of the market is poised to rebound this year. While overall hiring across all degrees is expected to increase 3 percent, hiring at the Bachelor’s level is expected to surge by 10 percent according to the 4,600 employers who responded to Michigan State University’s Recruiting Trends 2010-2011 survey. …The Bachelor’s market will enjoy its first expansion in two years.

So hurrah, right? The Lansing State Journal reports that “MSU’s 2010-11 Recruiting Trends report says the national job market for college grads will rebound slightly next year.”

Well not so fast. The report doesn’t actually indicate that companies are really hiring much, only that they anticipate they might. In fact, other economic information indicates that the Michigan State report reflects merely an irrational upbeat attitude.

Yea, sure we expect to hire next year. We also anticipate to be turning a profit by them. It’s got to happen eventually, right?

Daniel Luzer

Daniel Luzer is the news editor at Governing Magazine and former web editor of the Washington Monthly. Find him on Twitter: @Daniel_Luzer