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For Class of ‘08, A Scramble for Jobs
Team Unagi:Jessica PotestaAtlantis RichterLauren SeGall
By Anjali Athavaley
Overview The class of 2008 is facing a tighter job market Graduating seniors are re-evaluating their expectations Companies have scaled back hiring growth How these changes reflect the law of supply and
demand How this will affect graduating classes for years to
come
The Current Landscape The U.S. is heading toward an inevitable recession The financial markets have felt the greatest effects Entry-level hiring has been reduced by many
companies Current jobless rate is 5.1%
Graduating Students Re-evaluate First job offers are being accepted Seeking jobs that are less likely to be affected by
the failing economy
Companies Change Hiring Strategies College grades matter Many companies are scaling-back hiring Some business sectors remain robust
Law of Supply & Demand Unchanged supply of desirable workers in some
industries Demand is increasing Graduating students are benefiting from this
change
What This Means for Us Class of 2009 Class of 2010 Class of 2011
FIGURE 5.6 Unemployment Rate, 1970 I–2005 II
Works CitedAthavaley, Anjali. “For Class of ‘08, A Scramble for Jobs.” Wall Street Journal
08 Apr. 2008: D1.Case, Karl, and Ray Fair. Principles of Macroeconomics, 8th edition.
Unknown: Prentice, 2007.Izzo, Phil. “According to U.S. Economy Hasn’t Hit Bottom, Survey Says.” Wall
Street Journal 10 Apr. 2008: A12.Lavelle, Louis. “It’s Looking Grim for New Grads.” BusinessWeek.com. 03
Apr. 2008. Business Week. 15 Apr. 2008 <http://www.businessweek.com/print/magazine/content/08_15/b4079059579345.htm>.
Matsuda, Kazuhisa. Personal interview. 15 Apr. 2008.