Current job market and prospects for students graduating this year

There is no doubt about it: the current job market is in a state of disarray. There are a lot of students out there right now wondering if they are going to be able to find a job that they can keep and for good reason! With unemployment at such a high right now, it is no wonder that students are worried! Well, before we get too far ahead of ourselves, let’s just take a look at some of the facts concerning the current job market. If we can see where people have been hit the hardest, we can see where new students stand to gain the most. If a student makes good decisions now and gets into a field that is going to be needed in four to five years, he or she will be much more likely to meet with success than a student who blindly stumbles through college and the career experience.

First of all, it is interesting to note that the average jobless individual stays jobless for an average of 32 weeks, which is the highest that number, has been since early in the 1980s. While more jobs are being created at a very slow pace, economists are predicting that the employment picture may not actually recover fully until 2015! So, for students in high school right now, do not give up hope! You just might be the first generation on-scene when things take a turn for the better!

One thing that is interesting to note is that new college graduates are not fairing so well in the current job market. According to statistics, there are 1.4 million unemployed workers who are between the ages of 20 and 24 out on the market right now. This number is not so astonishing in itself, until you put it against the numbers four years ago and realize that it is up 60%! Also, you need to take into account what some of the hardest hit occupations have been: these include construction workers, natural resource and farming workers, manufacturing workers, transportation workers and production workers.

Now, taking this into account, here is some information that is vitally important to any student looking to earn a good place in the job market. The ones hardest hit by the lack of jobs are the ones with less education! 14.6% of the unemployment rate belongs to workers who do not have high school diplomas. High school graduates account for about 9.7% of the unemployment rate, 8.6% is made up of students with some college experience, 5.2% is made up of those with college degrees and only 3.9% of the unemployment rate belongs to those with a master’s degree.

If you want to have a successful future, it seems like the statistics are clear: getting yourself as much education as possible will prepare you for a more successful future down the road. Why not get all of the education you can now? It will result in better prospective jobs for you in the future, which is the key to success in the workforce.

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