It's that time of year, when college seniors robe up and cross the stage to receive a handshake and a sheepskin. All of them are proud and excited but many of them are also apprehensive about the real world and their employment prospects.
Well, some very positive news on the job market has come out recently, which should help ease the anxiety of this year's crop of graduates. The Department of Labor just released figures for the month of April at the end of last week, and the national unemployment rate fell to 6.3% (from 6.7% in March), the lowest it has been in over five years, since before the big meltdown of the Great Recession in September, 2008. (This happens to coincide almost exactly with my time as Associate Director of Employer Relations here at Simmons, so this is welcome news indeed.)
Also in April, employers in the US added 288,000 jobs, the most for a single month in the past two years. "Not only is job growth continuing, but it is accelerating,'' said Patrick O'Keefe, director of economic research at the accounting and consulting firm CohnReznick. Read the full article from Friday's Boston Globe.