The Wall Street Journal reports:
Amid a hiring slowdown and bleak prospects for any turnaround, corporate recruiters have scaled back their visits to the nation's college campuses.
While other employment tools, like online forums and listings, are taking up part of the slack, the decline in on-campus recruiting efforts has cast a pall over many colleges. Career-services personnel at the schools are faced with a daunting situation as students scramble for jobs without the usual influx of corporate representatives.
How bad?
According to a May 2011 report by Rutgers University's Edward J. Bloustein School of Planning and Public Policy, just 56% of spring 2010 college graduates held at least one job by the spring of 2011, a significant drop from the 90% of 2006 and 2007 graduates who held at least one job.
Of the 2010 graduates who did find work, only a slim majority (52%) said their first jobs required a college degree. The study noted many students could not find work, while others chose to wait out the storm in graduate school.
Another Higher Education Bubble story.
