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Good news for this year's grads

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New grads-caps in air.530x298.jpg

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.

​And the beat goes on. The Massachusetts unemployment rate for March, the latest month for which figures are available, was also at 6.3%. See the dramatic ups and downs of the employment market over the last ten years in this infographic depciting both the state and national unemployment rates that accompanies the Globe article.

And. . .the beat goes on! As the National Association of Colleges and Employers (aka, NACE) reports in their April 16 press release on the hiring outlook for new college grads, "employers plan to hire 8.6% more Class of 2014 graduates than they hired from the Class of 2013." This data comes from the spring update of their hiring outlook survey with employers nationwide.
 
The story was picked up by CNBC which also ran an article on the improved employment outlook for college grads on its website.
 
Click through the links above to to get more detail in the stories and the breakdown by industry.
 
So take heart, graduates!  And remember: you only need one job to get you going. So get that resume and cover letter polished up along with your elevator pitch and get out there and take advantage of the upswing in the market. You can do it. And congratulations on your degree! 
 
 
Photo: Courtesy CNBC/Thomas Barwick/Digital Vision/Getty Images