New college grads face a cooling job market. Here's where the jobs are.
CBSN
After earning their college degrees this month, new graduates are understandably eager to land their first job and start making their education pay off. But that could pose more of a challenge this year than in 2023.
Hiring for freshly minted college grads is forecast to decline 6% from a year earlier, according to a recent survey of more than 200 employers from the National Association of Colleges and Employers, a group representing college career services employees.
Data from payroll services provider Gusto also shows that the new grad hiring rate — the share of recent graduates who are hired in a given month — is now about 6%, down from a recent peak of 10% in 2021. Still, the hiring rate is about level from a year earlier, with Gusto principal economist Liz Wilke telling CBS MoneyWatch that the job market for new grads is relatively stable.
U.S. motorists are likely to face higher gas prices for several weeks even if crude oil remains stable, according to GasBuddy petroleum analyst Patrick De Haan. Edited by Aimee Picchi In:
The Federal Aviation Administration has grounded all JetBlue flights due to a request from the airline, the agency said in a notice on Tuesday. In:
"It's been a long time since we've had a bad event," said Lloyd Blankfein. "It's been 17 years since the financial crisis." The former CEO of Goldman Sachs, who led the bank through that historic crisis, says it happened before, so it'll happen again. In:
On the day that marks 13 years since the death of Venezuelan socialist strongman Hugo Chávez and two months after the Jan. 3 U.S. operation that captured Nicolás Maduro, the scene in Caracas looks strikingly different from the anti-U.S.-imperialism rhetoric that founded Chavismo and was echoed by his successor. In:
We may receive an affiliate commission from anything you buy from this article. In:
Companies in the U.S. that paid tariffs invalidated by the Supreme Court in February are legally entitled to refunds, a federal judge ruled on Wednesday. In:
Target will invest another $2 billion in its business this year to spruce up stores, remodel locations and invest in workers, the retailer said Tuesday as it outlined plans to try to reverse a persistent sales malaise and reclaim its footing in fashion and home categories. In:
Defense Secretary Pete Hegseth deemed artificial intelligence firm Anthropic a "supply chain risk to national security" on Friday, following days of increasingly heated public conflict over the company's effort to place guardrails on the Pentagon's use of its technology. Jo Ling Kent contributed to this report. In: