Job market improving for college grads

 Job prospects for new college graduates are the best they’ve been in years, global outplacement consultancy Challenger, Gray & Christmas Inc. says in a report released today.

Competition for entry-level positions will be tough, but companies are hiring again.

“Entry-level hiring has not returned to pre-recession levels, but this year’s graduates should find markedly improved job-search conditions. Colleges and universities around the country are reporting increased on-campus recruiting and surveys of employers indicate more graduate hiring, as companies rebuild their bench-strength after massive layoffs during the downturn,” Challenger, Gray CEO John A. Challenger said in a news release.

In February and March alone the economy generated 470,000 new private sector jobs, “the largest two-month employment gain since 2006,” Challenger, Grey said.

It’s about time we saw some positive gains in the job market. After slashing jobs by the thousands during the Great Recession and piling up record profits during the recovery, it’s encouraging to see corporate America finally hiring again.

Will the trend continue?
 That’s the question.

Click here for full the Challenger, Gray report.