-Dominick Orsini's Blog Post
In this article, analyst talk about how the job market is going to look like in the near future, and who it will be better and worse for. This article talks a lot about upcoming college graduates and how they will do in the job market. There are points made that state that students who major in a job-specific subjects, such as accounting or finance, will have an easier time finding a job than students who have general majors, such as philosophy or geography. It also states that hiring is projected to increase 15% across all degree levels from 2015, which is positive for the economy to see that unemployment is only getting better, as well as the strides the county has made since the '08 recession regarding unemployment. Also, another interesting point that is made is about the trend of people who start with low-skilled service jobs are seen to be getting better jobs after gaining experience in the labor market. This article also hits points on underemployment, as well as how wages are increasing or decreasing in certain fields of the labor market.
http://www.nytimes.com/2016/04/10/education/edlife/a-brighter-job-market-for-some.html?ref=economy
This is a very optimist article, especially considering most of us are Econ majors in this class. It talks about increase in median salaries for class of 2015, compared to class of 2014, but does not put this information into the context of any price index. So is this increase really relevant?
ReplyDeleteInteresting blog about unemployment rate of graduates with different majors. I think specific majors, like civil engineering and nursing, are set in order to better meet the demand of specific labor markets. By contrast, general majors have higher unemployment rates because the supply exceeds demand.
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