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For Class of ‘08, A Scramble for Jobs

By Anjali Athavaley. For Class of ‘08, A Scramble for Jobs. Team Unagi: Jessica Potesta Atlantis Richter Lauren SeGall. Overview. The class of 2008 is facing a tighter job market Graduating seniors are re-evaluating their expectations Companies have scaled back hiring growth

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For Class of ‘08, A Scramble for Jobs

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  1. By AnjaliAthavaley For Class of ‘08, A Scramble for Jobs Team Unagi: Jessica Potesta Atlantis Richter Lauren SeGall

  2. Overview • The class of 2008 is facing a tighter job market • Graduating seniors are re-evaluating their expectations • Companies have scaled back hiring growth • How these changes reflect the law of supply and demand • How this will affect graduating classes for years to come

  3. The Current Landscape • The U.S. is heading toward an inevitable recession • The financial markets have felt the greatest effects • Entry-level hiring has been reduced by many companies • Current jobless rate is 5.1%

  4. Graduating Students Re-evaluate • First job offers are being accepted • Seeking jobs that are less likely to be affected by the failing economy

  5. Companies Change Hiring Strategies • College grades matter • Many companies are scaling-back hiring • Some business sectors remain robust

  6. Law of Supply & Demand • Unchanged supply of desirable workers in some industries • Demand is increasing • Graduating students are benefiting from this change

  7. What This Means for Us • Class of 2009 • Class of 2010 • Class of 2011 FIGURE 5.6 Unemployment Rate, 1970 I–2005 II

  8. Works Cited Athavaley, Anjali. “For Class of ‘08, A Scramble for Jobs.” Wall Street Journal 08 Apr. 2008: D1. Case, Karl, and Ray Fair. Principles of Macroeconomics, 8th edition. Unknown: Prentice, 2007. Izzo, Phil. “According to U.S. Economy Hasn’t Hit Bottom, Survey Says.” Wall Street Journal 10 Apr. 2008: A12. Lavelle, Louis. “It’s Looking Grim for New Grads.” BusinessWeek.com. 03 Apr. 2008. Business Week. 15 Apr. 2008 <http://www.businessweek.com/print/magazine/content/08_15/b4079059579345.htm>. Matsuda, Kazuhisa. Personal interview. 15 Apr. 2008.

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