New College Grads Face Frustrating Job Market

I agree this is an ominous title but that is the reality of the world currently. A recent article from the Seattle Times made some interesting points:

• Unemployment among 20 to 24 years old is sharply higher than for the national population
• Graduates looking to get into the financial-services industry are the most affected due to the sub prime-mortgage crisis
• The most desirable job candidates are those with engineering, information-technology, math and science degrees
• Health Care, accounting, and biotechnology markets are still strong
• Fewer than half of young college graduates receive any form of pension coverage as companies cut back
• Have a Plan B and C
• Tap into every resource you have, including your parents, to get as much experience as you can in college

During the last job market slow down in the early 2000's, I had a colleague that had graduated with an engineering degree but couldn't find a job in his field He ended up bouncing around jobs for 2 years such as being a bank teller and a substitute teacher until the job market got better. Learning to adapt and cope during a slow job market is now a necessary survival skill. I have provided a link to the article below.

New College Grads Face Frustrating Job Market [via Seattle Times]