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Soon-to-be College Grads Freaking Out About Job Prospects
By
Jen Chung
Published Feb 2, 2009
Modified Feb 2, 2009
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By
Jen Chung
Published Feb 2, 2009
Modified Feb 2, 2009
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NYU's career development center tells the Washington Square News that campus recruiting is down 15% this year, so its staffers are "working 50 to 60 hours a week" to help seniors weather post-graduate prospects. The center's director Trudy Steinfeld said, "The bad news is this is the worst job market I’ve seen, and I’ve been in career development for 30 years. On the other hand, when the job market is tight, new college graduates will find that while it is competitive, they have the advantage of being a cheaper source of labor. The workers that are being laid off by these companies are often more experienced and so have higher wages.” Still, one student is worried, “My parents sacrificed an arm and a leg for me to go to NYU. Now they are afraid that I will be in the same boat as everyone else and that NYU is not going to mean anything.” Related: Mayor Bloomberg predicts 294,000 jobs will be lost by mid 2010 (it's unclear how many of those are the jobs of the "more experienced, higher-paid"). Photo: j_bary on Flickr
Tagged
college graduate
economy
Job Market
NYU
recession
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
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