The latest jobless figures are proof that more people who have a college degree on their resume will be able to find a job, according to a new report by the consulting firm Challenger, Gray & Christmas.
Challenger said as the unemployment rate dropped to its lowest level since 2009 in March, this year’s 1.7 million college graduates will have a better chance at finding work, although the market will still remain competitive.The job market still has a long way to go before full recovery, but the good news is that young job seekers with 4-year degrees are in growing demand, Challenger chief executive John A. Challenger said.The firm said 20- to 24-year-olds made some of the largest employment gains over the past 25 months, with 939,000 in the demographic landing jobs between March 2010 and last month. The only other age group to see larger employment gains was workers aged 55 and older, but the agency said the need to replace an aging workforce will help boost openings for younger job seekers. According to the Bureau of Labor Statistics, professionals with a postsecondary degree on their resume have the potential to earn $1,000 more per week than those with some or no college education.