Job Market Looks Good for Grads

Things are looking good for college grads looking for jobs this year.

In fact, there has been explosive growth in job opportunities for the third straight year, according to Phil Gardner, Michigan State University economist and author of the nation’s largest annual survey of US employers.

He says companies in most industries are seeking new talent, because of company growth and employee turnover driven in part by the retirement of baby boomers.

That will provide opportunities, particularly for education, government, finance and professional-service jobs.

Starting salaries for college grads should be two to five percent higher than last year.

But some occupations like electrical engineer should expect to get $61,000 per year, a seven percent increase over 2014.

Finally, Gardner notes that despite some economic lags recently in the stock market and a somewhat gloomy Federal Reserve report in September, the college job market should withstand a bump in the road.