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Graduates Face Tough Economy Save Email Print
Posted: 8:00 AM May 2, 2008
Last Updated: 2:54 PM May 2, 2008
Reporter: Emily Brown
Email Address: ebrown@whsv.com

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If you live in Harrisonburg, you know there's going to be a lot more traffic and longer waits at restaurants throughout this weekend as James Madison University students graduate.

While graduation is a care free and fun time, it's after graduation that may be weighing on some student's minds. As it turns out, it's actually a mixed bag when it comes to what graduates can expect in this year's job market.

Some experts say graduates will face high competition. However, others say job markets are wide open, while companies work to replace the retiring generation.

According to a survey by the National Association of Colleges, employers are planning to hire 16 percent more college grads than last year. On the other hand, it can't be ignored that about 230,000 jobs have been cut just this year alone.

Whether you're graduating or just worried about the economy in general, President Bush is calling on lawmakers to help provide some relief.

"On all these issues the American people are looking for their leaders to come together and act responsibly. And I don't think that's too much to ask, even in an election year," states Bush.

Of course, if graduates do find a strong market, that is in contrast with the labor market. Analysts point out that this year's starting salary is four-percent greater than last year.

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