posted on November 27, 2006 09:01:03 AM new
Well....since our economy is doing so well.....guess those who have been getting their college degrees aren't going to be 'flipping burgers' as the gloom and doom club have said.
Jobs for college grads plentiful
Posted 11/26/2006 5:27 PM By Stephanie Armour, USA TODAY
College graduates are experiencing the best job market in four years as a stronger economy leads more employers to ramp up hiring.
Employers expect to hire 17.4% more new college graduates in 2006 and 2007 than in 2005 and 2006, according to a new survey by the Bethlehem, Pa.-based National Association of Colleges and Employers (NACE).
Signing bonuses range from $1,000 to $10,000, with the average at $3,568. And employers reported plans to boost their starting salary offers by 4.6% over last year, nearly a full percentage point higher than increases for the classes of 2006 and 2005.
"This is the fourth year in a row that employers have predicted an increase in hiring," says Andrea Koncz at NACE. "It really is because of the economy and more demand. Companies are growing."
For example:
?Companies are ramping up hiring.
Accounting and tax firm KPMG typically hires about 2,500 new graduates, but they expect to boost that by about 10% in 2007.
Manny Fernandez, national managing partner-campus recruiting, says competition for students is intensifying. Signing bonuses are being used in some markets, he says.
?Some colleges and universities are also seeing more employers offering internship programs for current students: Employers extended job offers to more than 70% of their interns, according to a separate study by NACE.
At St. Olaf College in Northfield, Minn., students are landing internships at large companies such as General Mills.
"It's optimistic," says Sandy Amy, assistant director of internships in the center for experiential learning at St. Olaf. "They're finding opportunities.
(Internships) give them the background they need."
?Some soon-to-be graduates are finding they can be pickier about the jobs they accept and can take into account other priorities such as flexible work schedules or similar benefits.
"While the democratic party complains about everything THIS President does to protect our Nation": "What would a Democrat president have done at that point?"
"Apparently, the answer is: Sit back and wait for the next terrorist attack."
Ann Coulter
[ edited by Linda_K on Nov 27, 2006 09:05 AM ]
posted on November 27, 2006 09:42:22 AM new
This can not possibly soften the blow to peepa thinking about all those autoworkers laid off of their 80K/yr jobs putting on left door mirrors because the Canadians or Mexicans do it cheaper.
posted on November 27, 2006 11:57:04 AM new
And we can see how thrilled the dems/liberals here are to hear any good news about the economy being great for college grads either.
=====
Sometimes I get the feeling they don't like ANY good news of any kind. But boy they sure can focus on the negative.
posted on November 27, 2006 02:02:04 PM new
Both of you went from dancing in the streets to disbelieve SHOCK in just a couple years under DUMBO.
You both better hope China and several other countries don't start dumping the U.S. dollar if the U.S. economy further degrades under Dumbo.
Dollar, gold move on China's diversification talk
By Wanfeng Zhou, MarketWatch
Last Update: 3:46 PM ET Nov 9, 2006
NEW YORK (MarketWatch) - The U.S. dollar tumbled and gold rallied Thursday on heightened expectations that China will diversify its rapidly-growing foreign-exchange reserves.
Zhou Xiaochuan, governor of the People's Bank of China, said at a conference in Frankfurt that China has very clear plans to diversify its reserves, which now stand at more than $1 trillion. A wide range of instruments are under consideration, Zhou added.
The dollar slumped to a two-month low against the euro following his comments. The Europe's shared currency is seen as the most obvious alternative as a reserve currency.
Gold futures climbed to their highest level in two months after Zhou's comments.
"The remarks are especially crucial a few days after reports showed China's currency reserves have attained the $1 trillion mark, making such diversification plans inevitable," said Ashraf Laidi, chief foreign-exchange analyst at CMC Markets in New York.
"We have long warned against the diversification wave by global central banks in light of the peak in U.S. interest rates and the need to diversify into other currencies and commodities that are boosted by steadying commodity prices," he said.
Central banks worldwide have been diversifying their reserves since 2001, according to Tony Crescenzi, chief bond market strategist at Miller Tabak & Co. Since then, they have reduced their holdings of the U.S. dollar from 70% of reserve assets to 66% at the end of March 2006.
A number of countries, including Sweden, the United Arab Emirates, Qatar, and Russia all announced intentions this year to diversify their reserves away from dollars.
Officials in Beijing have also repeatedly hinted that China might gradually reduce its purchases of dollar-denominated assets. China's reserves increased by a massive $850 billion in the past five years, said Crescenzi. About 72% of China's reserve assets were denominated in U.S. dollars.
Leading government think tanks in Beijing have recently recommended using some of their reserves to buy other assets such as gold and oil, which bodes well for gold.
"About 60% of total international reserves were held in gold in 1980. That figure was just 9% in 2005," Crescenzi said. "Obviously there is plenty of scope for central banks to increase their gold reserves going forward."
However, he said "it's very unlikely that China would consider a large switch in its dollar reserves."
A large purchase of euros by China, for example, would cause the euro to surge, he said. A strong euro would hurt European exporters as it would make their goods more expensive.
Such a move would "invite protectionist measures far greater than China has thus far experienced from the U.S. given the protectionist tendencies in Europe," he said.
Recent data from the Bank for International Settlements suggest the pace of diversification away from the dollar has been gradual, partly because dollar deposits by Organization of the Petroleum Exporting Countries have offset decreases from other countries, he said.
posted on November 27, 2006 07:50:20 PM new
See....just as I said....."waco"peepa can't be pleased about the job outlook for our college grads....nope he's got to post some off topic subject that's not at ALL related to the job market. tsk tsk tsk
"While the democratic party complains about everything THIS President does to protect our Nation": "What would a Democrat president have done at that point?"
"Apparently, the answer is: Sit back and wait for the next terrorist attack."
posted on November 27, 2006 08:22:22 PM new
Hate to rain on your dancing in the streets. Its not only me that believes what I posted about countries selling off the American Dollar. Bush just can't keep running up our debts and not pay the price.
Lots of people are putting their money into Gold and Silver.
Think about it Liar_k you have been wrong about so many issues in the last few months. Now you don't think the value of the U.S. Dollar has anything to do with jobs? What's up,perhaps you aren't feeling well?
But boy they sure can focus on the negative.