Uncertain Economy: Helping Students Job Search

2. Uncertain Economy: Helping Students Job Search Chuck Hancock Renée Welch

3. Presentation Outline • Big Picture • Overall economy • College Recruiting • What we see at the Career Center • How to help your students

4. Overview of Economy • What are your perceptions of the current state of the economy for job searchers? • What are you hearing from your students?

6. Current Economy

7. Current Economy - Unemployment National Unemployment Rate 6.7% Colorado Ranked 23rd - 5.8% Nov 2008 * Does not reflect underemployment

8. College Hiring Source: Recruiting Trends 2008-2009, prepared by The Collegiate Employment Research Institute (CERI) and The MSU Career Services Network

9. College Hiring • More small companies (< 500) plan to increase hiring (33%) than large companies (24%) Source: Recruiting Trends 2008-2009, prepared by The Collegiate Employment Research Institute (CERI) and The MSU Career Services Network

10. College Hiring

11. College Hiring Source: Recruiting Trends 2008-2009, prepared by The Collegiate Employment Research Institute (CERI) and The MSU Career Services Network

12. What we’ve seen

13. What we’ve seen

14. What we’ve seen

15. CSU Dec. 2008 Graduation Survey Results Compared to May 2008 * Survey results as of 1/1/09. Not complete.

16. Forecasting Length of Recession • Other (somewhat recent) recessions • Average recession length since WWII - 10.4 months • 1990-91 and 2001 both short • 1981-82 lasted 16 months and peaked at 10.8% unemployment • 1973-75 lasted 16 months and peaked at 9% unemployment • Great Depression 1930-32 (43 months) 25% unemployment • Current recession is 13 months old, not approaching the trough yet “Another 2.5 million jobs will be lost in 2009,” says John Stapleford, an economist with Economy.com. That is on top of 1.9 million jobs lost in the first 11 months of 2008. (Preliminary figures for the full year will be published Friday.)

17. Where does the money go?

18. Less Impacted Industries/Careers Education Energy Heath Care International Business Environmental Security Sales IT - Software Design & Development, Networking, Systems Administration Nursing Accounting Business Analyst

19. Under Obama’s Administration • Initiative: Construction of roads, bridges, transit and rural broadband1. Construction managers2. Project managers3. Civil engineers4. Computer-aided drafting specialists5. Telecommunications engineers

 • Initiative: Greater oversight of financial markets1. Compliance accountants2. Internal auditors3. Tax accountants4. Government regulators
 • Initiative: Energy independence1. Electrical engineers2. Mechanical engineers3. Power grid managers4. Biofuels chemists5. Sales and marketing

 • Initiative: Healthcare modernization1. Nurses2. Information technology specialists3. Bioinformatics specialists4. Information security specialists5. Software developers

 • Initiative: Volunteerism and community involvement1. Social workers2. Administrators3. Translators • Source: Jobfox

20. Big Picture Trends • Daniel Pink’s 3 As • Asia • Harvard Business School Study • 21-42% (28.4 to 57.2 million) US jobs potentially ‘offshorable’ • Abundance • Automation

21. Daniel Pink http://www.youtube.com/watch?v=syo6ecgclR0

22. How to help your students • Be open • Understand you may not obtain the perfect position right away • Explore options beyond your major • Think and innovate • Get out and meet people • Work with friends • Use Facebook and LinkedIn

23. How to help your students • Don’t solely rely on job boards • Create a focused resume • Meet people • Set yourself apart • Get engaged if you experience a gap in employment • Meet with a career counselor

24. Career Center Services • Student Fee Funded • Counseling and walk-ins • CareerRAM • Career Shift • Optimal Resume, Interview, Letter • Optimal Impression • Career Interviews • Career Fairs

25. Career Center Services • New Location: Lower Level LSC • Phone: 491-5707 • Walk-Ins: LSC 116 • www.career.colostate.edu