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The Economy and Career Services
Brenda FabianDirector of Career ServicesSusquehanna University
Unemployment at 9.4% and expected to top 10% by the end of this year.
Companies have cut a net total of 6 million jobs since the economic downturn began in an effort to reduce costs.
Federal Reserve Chairman Ben Bernanke has said the economy will begin to recover by the end of this year.
Source: US Department of Labor
Current Economy
Approximately 19% of college seniors who applied for a full-time job, in April 2009, had obtained one. By comparison, 25% of seniors who applied for a job had secured one at this time last year.
Effects on recent graduates
Source: NACE 2009 Student Survey Completed by 11,000 graduating bachelor's-degree-level seniors
Top Majors for Employability
MAJOR PERCENT OF STUDENT APPLICANTS SECURING EMPLOYMENT
Accounting 38
Engineering 23
Business Management 22
Computer Science 22
Health Sciences 22
Source: NACE 2009 Student Survey
Employment Success by Gender
MAJOR PERCENT FEMALE
PERCENT MALE
Accounting 43 29
Engineering 29 21
Business Management 20 24
Computer Science 15 25
Health Sciences 23 20
Source: NACE 2009 Student Survey
Although more 2009 graduates expect to enroll in graduate school in comparison to earlier classes, the difference is not substantial:
26% from Class of 200924% of the Class of 2008
20% of the Class of 2007
Graduate School
Source: NACE 2009 Student Survey
A Bachelor’s degree remains a valuable asset in uncertain economic times. The Department of Labor’s Employment and Earnings 2007 states,
“The higher a person’s educational attainment, the more likely
they will be a labor force participant and the less likely
they will be unemployed.”
Education Level
“Among those with just a high school diploma, unemployment jumped to 8.5%. Those with college degrees suffered far less; their unemployment rate hit 2.4%”
Source: Employment 2008-2009: pluses and minuses
Unemployment
Healthcare Education Security Personal Care Legal Professions Food Industry House & Car Repairs Environmental Sector IT & Accounting Services Sales & Marketing
Source: Recession-Proof Jobs in 2009-2010 by Rana Sinha, Feb 9, 2009
Recession Proof Industries
1704 – first real estatenewspaper advertisement
1850 – Industrial Revolution
2002 – Google AdWords
Source: Steven Rothberg, President and Founder of College Recruiter
The past…
Elimination of resume searching Job boards Search engine marketing Search engine optimization Video Blogs E-mail and text campaigns Social and professional networking sites
Source: Steven Rothberg, President and Founder of College Recruiter
The present…
Vertical sites? (indeed.com, simplyhired.com) Social Networking? Twitter? Targeted E-mail? Mobile Marketing? Video? Blogs?
Source: Steven Rothberg, President and Founder of College Recruiter
The future…
You don't have to be old to look old in this job market. The paper resume is laughably passe, at least in some circles.
"If someone sends us a paper resume folded in thirds, stuffed in an envelope, it's hard to take it seriously," says Glenn Kelman, chief executive of Redfin, an online real estate brokerage.
Pat Cassady, the director of recruitment at UMB, says “10 to 12% of UMB hires come through LinkedIn, and she searches niche networking sites for active users who might be promising business leaders. She is even planning to use Twitter to reach out to new recruits.”
Source: Job Seekers Find New Rules of Recruitment by Yuki Noguchi
Up-to-date
KEY DRIVERS: Page title Most searched keywords, skill names, job
titles, location names, zips URL Content Inbound links
COST: 500 clicks = 100 applicants = 1 hire 0.25/clicks x 500 clicks = $125/hire
Source: Steven Rothberg, President and Founder of College Recruiter
Search Engine Optimization
Hiring managers say they stay clear of candidates who make these digital job-seeking mistakes:
1. Not having an updated profile, with recommendations, on sites such as LinkedIn or sites relating to your line of work
2. Having a husband-and-wife e-mail address 3. Using a playful or unprofessional e-mail address4. Having an AOL address5. Not doing extensive research about the company, its
culture and the position for which you are applying 6. Not filing your resume digitally, even if you bring paper
backups 7. "Cold" e-mailing executives with whom you've never made
a prior connection, either online or in person 8. Asking an employer you're hoping will hire you to be your
"friend" on Facebook
Source: Job Seekers Find New Rules of Recruitment by Yuki Noguchi
Job Seeker Faux Pas
#1 Job Search MethodN
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