By region, employers in the Northeast lead, projecting a 24.8 percent increase in new college graduate hires. Employers in the South expect a 13.8 percent increase in college hiring, while those in the Midwest say they will bring on 9.8 percent more new college graduates in 2005-06 as compared to 2004-05. Respondents from the West report plans to increase college hiring by 5.8 percent.
Although the news is good for new college graduates seeking jobs, the positive outlook may create something of a headache for employers.
“Nearly nine out of 10 employers reported an increase in competition for new college hires,” says Mackes. “In fact, more than 20 percent told us that they have raised or plan to raise their starting salaries to entice potential employees.” In addition, early projections indicate that competition for new college graduates will continue.
“Our early projections show that employers are positive about their Fall recruiting plans,” says Mackes. “Nearly 38 percent of respondents told us that they expect to hire more new college graduates for full-time, entry-level positions in Fall 2006 than they did in Fall 2005. This is something we’ll be watching closely.”
NACE will poll employers about hiring for the college Class of 2007 in late summer and will report results in early September. About NACE: Since 1956, the National Association of Colleges and Employers (NACE) has been the leading source of information about the job market for new college graduates. NACE maintains a virtual press room for the media at www.naceweb.org/press/.