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Economy and the Class of 2009

by | Nov 14, 2008 | Observations

There was an interesting article on AccountingWeb yesterday, “Economy Not Expected to Impact hiring of College Grads” On the very surface, that seems like great news. However delving a little deeper into the article, employers expect to decrease hiring levels by 1.6 percent.

The National Association of Colleges and Employers recently released the report referenced in the article. The report features updated figures comparing responses from an August 2008 hiring survey with an October 2008 survey.

The findings show that despite the decrease in hiring levels overall, the rates for professional services firms will remain relatively flat, keeping with earlier predictions.

This is mixed news for the Class of 2009 looking for professional services jobs. While its good there hasn’t been a change in hiring expectations, it isn’t great that there will not be a boost in hiring. It’s a competitive market and recruits will have to stand out in a positive way to get noticed and hired.

On a personal note, my son is a member of the Class of 2009 and will graduate with an accounting degree, so the fact professional services firms aren’t making drastic hiring cuts bodes well for my checkbook…

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