College seniors should be able to look forward to a strong labor market when they graduate, according to a report by the Collegiate Employment Research Institute (CERI) at Michigan State University.
To conduct the study, CERI researchers partnered with nearly 200 college and university career centers to survey about 3,370 employers. Participating employers plan to recruit students for full-time positions, internships, and co-ops, but the majority (71%) plan to recruit for full-time positions during the 2017-2018 school year.
The industries that expect to expand their hiring of bachelor's degree holders most, along with the rates at which they plan to increase hiring, are:
1. Information Services, 60% more bachelor's degree hires;
2. Administrative Services, 49%;
3. Wholesale Trade, 46%;
4. Transportation, 32%;
5. Healthcare and Social Assistance, 32%;
6. Professional, Business & Scientific Services, 30%;
7. Construction, 29%;
8. Nonprofits, 23%;
9. Agriculture, 21%; and
10. Retail Trade, 19%.
In general, employers plan to recruit 13% more college grads than they did last year. "It's the longest sustained period of growth for the college labor market since 1970, since we’ve been tracking it," says Phil Gardner, the study’s author and director of CERI (Kauflin, Forbes, 10/24; Parker/Gardner, MSU Today, 10/23; CERI report brief 1, accessed 10/30).
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