Hiring Again

The Great Recession might actually be over for college graduates. It’s probably a little too early to say for sure but, according to Reuters article by Jilian Mincer and Jennifer Merritt:

Hiring is back in a big way on many college campuses, one of several signs a recovery in the U.S. jobs market is gaining traction. After four years during which many students graduated to find no job and had only their loans to show for their studies, most college campuses are teeming with companies eager to hire. A survey by the National Association of Colleges and Employers (NACE) found 2012 hiring is expected to climb 10.2 percent, above a previous estimate of 9.5 percent.

What’s more, recent graduates appear to be getting relatively good jobs. As the article explains, “the median wage for first-time job seekers after college for 2012 is up 4.5 percent higher than a year ago to $42,569.”

It’s worth pointing out that students also have about 5 percent more, on average, worth of student debt (or about $1,000) to pay off, so they’re not really able to take home that much more once they graduate and get jobs.

Still, just having the job is pretty important.

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