New US grads will experience a slowly improving job market

November 21, 2013

The US job market will improve slowly in 2013-14, but cuts in the banking and credit industries, and political uncertainty will prevent what would otherwise be “robust” growth, according to a report from the Collegiate Employment Research Institute at Michigan State University. The annual Recruiting Trends report says that job opportunities will increase by 2% across all degree levels, which is comparable to last year's growth. The report’s principal author Phil D Gardner explains that the financial-services sector’s recent downsizing is what is preventing double-digit growth in employment opportunities. The report predicts a bleaker outlook for MBA graduates, with a 24% decrease in hiring at that level. Chronicle of Higher Education (subscription required)