For many who seek jobs in the US, there is hope. Career specialists and recruiters remain upbeat as they are looking forward to more job opportunities for the graduates of 2016.
Positive Projections
The Collegiate Employment Research Institute of Michigan State University made positive projections in terms of hiring opportunities for 2016 graduates. New York Times reports that the institute was looking at a 15 percent increase in the hiring rate of graduates, which will be felt all across the U.S.
While this may be great news for graduates who are looking for jobs in the U.S., there is still a need to look at the field of expertise where one belongs. Some fields tend to have lower unemployment rate than others.
Not All Fields Have High Employment Rates
For instance, if you majored in nursing or civil engineering, you have a higher chance at being employed since these fields only have 2 percent and 2.8 percent unemployment rates respectively. On the other hand, if your field is along the lines of anthropology and geography, including mass media majors, then you have to face an unemployment rate of eight percent upwards.
According to Jaison Abel, New York Fed head of regional analysis, "The occupation-specific majors tend to do much better." He added that even when looking at a business setting, those with more specific majors fare better in the cutthroat job market compared to those with a general major.
Underemployment Is Not Unusual
On the other hand, underemployment is quite common. There are many graduates who end up with jobs that are different from what their majors were. It is a trend of "transitioning from college to the job market." There are many new graduates who start their careers doing low-skilled service jobs, gain experience, and eventually transition to a higher-paying job.
According to NBC News, there are now lesser Americans filing for unemployment. This only signifies that the economy is growing and that more job opportunities are available.
With these positive projections, graduates who subsequently seek jobs in the U.S. can start smiling at a higher chance of getting employed. Whether it will be in the field of their expertise or not, what matters is that jobs are waiting for them.
