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Economy Approaching Full Employment

College graduates have a great job market in front of them this year:

WASHINGTON (Reuters) - U.S. college graduates are facing the best job market since 2001, with business, computer, engineering, education and health care grads in highest demand, a report by an employment consulting firm showed on Monday.

"We are approaching full employment and some employers are already dreaming up perks to attract the best talent," said John Challenger, chief executive of Challenger, Gray & Christmas.

In its annual outlook of entry-level jobs, Challenger, Gray & Christmas said strong job growth and falling unemployment makes this spring the hottest job market for America's 1.4 million college graduates since the dot-com collapse in 2001.

The firm pointed to a survey by the National Association of Colleges and Employers which showed employers plan to hire 14.5 percent more new college graduates than a year ago.

The survey also found higher starting salaries this year. Graduates with economic or finance degrees will see the biggest gain with starting salaries up 11 percent to $45,191, while accounting salaries are up 6.2 percent, business management salaries up 3.9 percent and pay for civil engineers 4.3 percent higher.

Excellent news.


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Comments (2)

Excellent news unless you l... (Below threshold)

Excellent news unless you live in Ohio and work a blue collar job:
- 5.8 percent: Cleveland unemployment rate, Jan. 2006
- 4.5 percent: Cleveland unemployment rate, Jan. 2001

- 5.3 percent: Ohio unemployment rate, Jan. 2006
- 4.0 percent: Ohio unemployment rate, Jan. 2001

- 31.3 percent: Cleveland poverty rate, 2003
- 24.3 percent: Cleveland poverty rate, 2001

Ironic, isn't it?

HELLO thats blue collar job... (Below threshold)

HELLO thats blue collar jobs...Americans do less blue collar jobs nearly every year since the 1970s. Any industry dominated by unions is doomed for eventual failure.






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