Trends in the Job Market

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Trends in the Job Market

By: Marie Donlon

The 2017-2018 job market will be a competitive one according to Michigan State University’s Recruiting Trends, an annual survey of some of the nation’s employers.

Due to a seven-year increase in the college labor market, coupled with one of the longest running periods of sustained job growth, researchers believe that this year’s crop of graduates will be at a great advantage in terms of hiring.

"I'm stilled wowed at how strong this market is," said Phil Gardner, survey author and director of MSU's Collegiate Employment Research Institute. "There should be no complaints anywhere about jobs. So if students aren't ready, they're going to get passed over."

Other survey findings include:

  • The retail industry expects to hire in larger numbers this year.

  • The construction industry continues to grow.

  • Despite the promising college labor market numbers, only 39 percent of employers expect to increase salaries this year while 61 percent reported that employee salaries would stay the same.

  • The number of employers offering sign-on bonuses almost doubled from previous years.

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