A new survey from Michigan State University has some great news for college and graduate students who will be finishing school in 2016: Hiring is expected to jump 15% next year. The survey, called Recruiting Trends, is the oldest, most comprehensive of its kind. Now in its 45th year, it polled 23,000 employers nationwide and got responses from more than 4,700 of them.
The employment drivers this year: company growth and employee turnover, with an increasing number of Baby Boomers retiring from the labor force.
This is the second year in a row that the survey has shown double digit hiring growth. Last year, hiring climbed by 16% over the previous year. That was a significant jump from the 7% increase in 2014.
“Most signs point to another explosive year of growth in the job market for college graduates,” says Philip Gardner, director of Michigan State’s College Employment Research Institute (CERI), which conducted the study. Gardner is also executive director of career services for Michigan State.
Gardner underlines how much things have changed since the battered, post-recession employment market. “’Recruit like it’s 1999’ accurately describes the explosive growth in the college labor market for the past two years,’” says Gardner.