The National Association of Colleges and Employers (NACE) reported last week that its surveyed employers plan to hire nearly 20 percent more college grads this year than last.
This is the first time since 2007 that spring hiring projections have increased by double digits. Hooray!
Competition is going down as openings rise, notes ERE.net. The average posted position receives 21 applications down from 40.5 a year ago, despite the total number of applications sent by college seniors increasing by 45 percent.
This means that there are simply more (entry-level) jobs to go around.
“Entry-level hiring has not returned to pre-recession levels, but this year’s graduates should find markedly improved job-search conditions. Colleges and universities around the country are reporting increased on-campus recruiting and surveys of employers indicate more graduate hiring, as companies rebuild their bench-strength after massive layoffs during the downturn,” John A. Challenger, CEO of Challenger, Gray, and Christmas, said in response to his firm’s own analysis.
And it’s not all rosy, warns CGC: As the number of openings in coveted fields rises, seniors with those degrees will be competing not just against the rest of the class of 2011, but from graduates from two or three years ago who may have taken stopgap jobs in other fields.