Is there a recovering economy in terms of the job market?
On April 15th, the Associated Press reported that Massachusetts unemployment rates dropped to "8 percent in March as 3,200 jobs were added during the month." April data released by the U.S. Labor Department indicates that the country has added 68,000 jobs in January and 194,000 in February, principally in professional and business services. Also, the Labor Department stated: “Companies are advertising more jobs than at any time in the past two years, suggesting that April will mark a third straight month of strong hiring."
And Nichols own economist, Dr. Hans Despain, offers these two points to consider:
“The good news for Nichols students and the job market is that medium-sized firms say they are planning to hire. This is a very good, macroeconomic indicator that the job market will be turning around. Most of these jobs are in business-related fields, especially in management, sales and marketing.”
Accounting graduates will do fine, and finance and economic majors will find jobs quite easily, but may have a difficult time making a decent income because of the over-staffing phenomena. Over-staffing of temporary workers, independent contractors, commissioned employees and internships, is rapidly increasing today, particularly in real estate, insurance and finance.”
Nichols 2011 seniors seeking employment have a tough, but not impossible road to navigate in realizing a return on their educational investment. Surely, Nichols Professional Development Seminar’s focus on practicing interviews and the developing resumes and portfolios, as well as the Office of Career Services ramped-up effort with the Nichols Career Fair, recruiting sessions and job clubs, will help provide a competitive edge.
Here are three profiles of seniors majoring in Management who are poised to take the career leap. We salute these new hires as they embark on their road to success.