A report released by Michigan State University Monday showed that the rate of hiring for recent college graduates has declined significantly. The report surveyed over 2,500 businesses across the country and determined that the job market for college graduates has dropped 40% in the last year. The report showed that businesses expected to hire many more graduates than they actually did, and advises new graduates to be "patient and persistent." It is predicted that companies with fewer than 500 employees will be more likely to hire graduates and that the sectors with the greatest job openings will be e-commerce, food processing, environmental conservation/green industry, info systems, non-profit, nursing, social work, and web design/multimedia.
See "MSU Report: College labor market has hit bottom", Chicago Tribune, November 15, 2009