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 interesting because it really depends what skills are becoming increasingly useful to help the economy move in a positive direction. Computer programming is another popular major because like the other popular majors mentioned above it's really about the level of problem solving skills that one has, and that can come from an array of majors not just the popular ones mentioned above.
ReplyDeleteThis article is a great choice to share because it is very relevant to all current college students. With the projected 15% increase in hiring across all degrees, things are looking promising for college students graduating in the next few years to come. On a contrasting note, one point that this article brings to attention that I find very interesting is how the two economists point out that, through both good and poor economic times, about one-third of all college graduates occupy jobs that don’t require a bachelor’s degree. This is honestly quite a bit higher than what I expected during "good" economic times.
ReplyDeleteThe article mentioned that economists view underemployment in "good economic times" to be roughly one third. However, as of last September, as mentioned by the article, this number was at 44 percent. Clearly, 11% above the "good" rate implies that specific to this measure, we are not in good times, to play the pessimist. However, this is improvement, as the article says, from 9 years ago, with underemployment in the 22-27 age group decreasing roughy 4 percentage points.
ReplyDeleteThis is a really interesting article and one that is very relevant to all of our lives after college. I think it will be very interesting to see how the job market changes in the future and to see how the percentage of jobs, growth, and increases in wage will follow due to these advancements. I also thought it was interesting that so many entry level positions even after obtaining a bachelor's degree do not even require that degree to obtain in the first place. I feel like this may indicate now that more and more people are going to college and getting a bachelor's degree that maybe the market is shifting to require even higher levels of education in order to move up in an industry more quickly.
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