for class of ‘08, a scramble for jobs team unagi: jessica potesta atlantis richter lauren segall...
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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%TRANSCRIPT
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For Class of ‘08, A Scramble for Jobs
Team Unagi:Jessica PotestaAtlantis RichterLauren SeGall
By Anjali Athavaley
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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
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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%
![Page 4: For Class of ‘08, A Scramble for Jobs Team Unagi: Jessica Potesta Atlantis Richter Lauren SeGall By Anjali Athavaley](https://reader036.vdocuments.site/reader036/viewer/2022062317/5a4d1b1a7f8b9ab0599931e8/html5/thumbnails/4.jpg)
Graduating Students Re-evaluate First job offers are being accepted Seeking jobs that are less likely to be affected by
the failing economy
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Companies Change Hiring Strategies College grades matter Many companies are scaling-back hiring Some business sectors remain robust
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Law of Supply & Demand Unchanged supply of desirable workers in some
industries Demand is increasing Graduating students are benefiting from this
change
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What This Means for Us Class of 2009 Class of 2010 Class of 2011
FIGURE 5.6 Unemployment Rate, 1970 I–2005 II
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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.