Stressed college grads

May 19, 2009
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A new poll shows college grads are worried about finding jobs â?? no surprise there, considering the sorry state of the economy.

But the poll, taken by Edison Media Research, also shows a third of them fretting about their parentsâ?? finances. One in five of the 2,240 respondents had a parent lose a job in the past year.

Still, the poll found remarkable resilience. Despite a bleak immediate future, the graduates were resolute in their goals of finding the work they want.

Many are working their tails off at multiple jobs to make ends meet while they look for dream positions. Others are going to grad school to wait out the recession and eventually land a better job.

If youâ??re graduating, how do your prospects look? How do you see the recession hitting new grads?
  • At our firm, we have hired a lot of people, but we have also now moved their start date back from Early June, to Late July-Mid August start dates. Gives us a better picture of financial future, a handle on what work we will have for them, and a chance to get more money flowing in the economy. Some are actually excited to have a longer summer now, but others (whose parents are helping them out until a job) are frustrated because either their parents have no more money to help out (lost a job) or the students will have to have a part time job until work starts or not go on their planned summer vacation since they need to conserve money.
  • what about those who had their first job and lost it after a year or two? I am not a new grad, but had almost 2 years under my belt after graduation and was canned. It has been several months since I was let go and it is at least 4 times worse in competitive market than it was in 2006-2007 and the jobs is half as much.
  • To Random: I would check back with your Alumni Office. not sure if your from IU or not, but the IU Alumni Career Services tool on their website is pretty handy. It's former graduates in hiring positions or partners in companies that are liking for similiar people and wanting to help out IU graduates. Your respective school may have something like this too.
  • I am a UINDY grad, so I will talk with them tomorrow.

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