The job market for college grads is extremely competitive, so much so that many graduates do not get a job in their field. Gail MarksJarvis’ article in the Chicago Tribune goes into detail about what can be expected for recent and future college graduates.  According to research by the Pew Research Center, a third of Americans between 25 and 29 have college degrees and the hope of a better future is pulling in students from every demographic. “College completion is now at record levels for men and women, blacks, whites and Hispanics and foreign-born and native-born Americans,” Pew researchers Richard Fry and Kim Parker said in a recent study.

This increase in people obtaining a higher education would be extremely beneficial to society as a whole, but it is causing many students to move back into their parents’ house with their degree in hand and begin hunting for a job that requires absolutely no education.  In fact, according to MarksJarvis’ article, “Government data suggest that about half of the students who have finished college lately are either unemployed or underemployed — working in restaurants, stores or other jobs that don’t use their education. With more than $26,600 in student loans held on average by those who borrowed for college, a low-level job after college is a harsh reality.”

So why are these bright, college graduates not getting jobs related to their field? A large reason is due to the competition of other college graduates, but perhaps an even bigger factor is the economy itself. Gone are the days when a kid can get a great job straight out of high school or college, which says nothing of the student’s ability.  Despite the fact that the economy is in shambles, the push for college education has increased drastically. “In 1978, Pew found Americans were widely divided over whether a college education was necessary to get ahead in life. Yet, in 2009, 73 percent of American adults said college was a necessity. A Gallup Poll in 2010 found similar results — 75 percent thought college was necessary.”

While society believes college is necessary, the harsh reality shows that a college degree is not the golden ticket to success as it once was.  A college degree may be beneficial to some, but others will never actually use their degree in their field of choice because of the broken economy and the fact that they must take any job to start paying back their thousands of dollars in student loans.

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Washington, U.S.A. – Memo to Experienced Workers: AARP is offering a unique new way to advance yourself in today’s tight job market with Work Reimagined, a social network based experienced worker jobs program that connects employers seeking experienced workers with qualified professionals searching for new or more satisfying careers. The site (www.workreimagined.org) will leverage the platform of professional networking site, LinkedIn.

AARP President Rob Romasco announced the multi-pronged Work Reimagined online initiative today, outlining some of the key elements, which include:

• original and curated content with advice and insights relevant to experienced workers in today’s job market, and
• access to current job openings with the nearly 120 employers who have taken the Work Reimagined pledge, publicly committing to treat all employees equally regardless of age.

“Work Reimagined enables experienced workers to come together in a vibrant online community to share your views and help move through ‘what’s next’ career moments,” said Romasco. “It opens the way for access to workforce resources, as well as the opportunity to connect with other experienced workers in a peer-to-peer environment.”

The dynamic nature of Work Reimagined is demonstrated by the decision by dozens of forward-looking employers with at least some immediate hiring needs to sign a pledge to recruit across a level playing field when considering experienced workers. These firms are looking for the strong work ethic, maturity, and customer orientation that experienced workers bring to their jobs.

Employers who sign the pledge agree that they have:

• Openness to the value of experienced workers;
• Nondiscriminatory HR policies;
• At least some immediate hiring needs at the time of pledge signing.

With the integration of LinkedIn information, qualified workers are put together in the same space with employers who value those workers.

“Over the past decade, the digital world has transformed how most people look for a job,” said Romasco. “Today, Work Reimagined harnesses the power of social media to offer great opportunities for experienced professionals to connect, to access information and resources, and to leverage their professional network in their pursuit of more fulfilling work and career.”

Work Reimagined also offers job listings independent of LinkedIn, as well as articles, columns, tips and tools to help people navigate today’s workplace.

“This service is especially valuable in the face of a difficult economy that has found many professionals unemployed for, in many cases, a year or more,” Romasco added.

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Over the past several months President Obama’s overall job ratings have been alternately holding steady and inching upward. His ratings on the economy are following suit. In March, 32% of Americans gave President Obama positive ratings on his handling of the economy while 68% gave him negative ratings. This is the same as in February and an improvement from the 25% and 75% who rated him positively and negatively respectively in December and January.

While there is still a concern about unemployment, more Americans say the job market in their region of the country is good. Over the past three and a half years The Harris Poll has regularly asked Americans about the job market in their region of the country. An average of 11% have called it good between July 2008 and January 2012, however the last few months have seen a steady rise from the 9% who said the job market was good in October 2011, to the 14% who said so in January 2012, now 20% report these feelings in March 2012. Although the numbers are improving, a majority still says that the job market in their region is bad (56%) while 24% say it is neither good nor bad.

The improvements in the job market are encouraging, as is the belief that the job market is growing. Currently one third (33%) of Americans believe the job market in their region is going to be better over the next six months while half (50%) say it will remain the same. Only 17% think it will be worse, which is lower than the 25% who said this in July 2011 and the 21% who said so in January.

Politics and the Economy

In an election year, it’s not surprising that the economy and job market are considered political issues, and it is also not a surprise that opinions differ between Republicans, Democrats and Independents.

Currently over half of Democrats (59%) and Liberals (55%) give President Obama positive ratings on his handling of the economy while only 12% of Conservatives and 6% of Republicans do; Independents (26%) and Moderates (35%) fall somewhere in the middle. Possibly showing more faith in the current administration, almost half of Democrats say that the job market will be better in the next six months (47%) — one third (33%) of Independents agree — yet only 18% of Republicans say the same. A majority of Republicans think the job market will remain the same (55%) and over a quarter say it will get worse (27%).

Despite improvements in how Americans view the job market and expect it to change over the next six months, a majority are still concerned that their family’s income will not be enough to cover all of their costs and expenses this year.

Currently 63% of Americans say they are concerned, with 26% very concerned. This is not very different from the 62%-65% who stated concern over the past two years. Not surprisingly, the higher a person’s household income, the less likely they are to be concerned about covering their costs and expenses.

However, it is somewhat alarming that large numbers of people even in the highest income brackets — 61% of those who earn $75,000 to $99,999 and 41% of those who earn $100,000 or more — say they are concerned about meeting their costs and expenses. And, despite their differing opinions on President Obama’s role in the economy and the outlook for the job market, when Democrats and Republicans were asked about their own financial concerns the story is the same: over six in ten Democrats (61%), Republicans (63%) and Independents (65%) say they are concerned that their family’s income will not be enough to cover all of their costs and expenses this year.

The economy and unemployment have been the focus for political initiatives and public discontent for some time. However, there are some possible green shoots, in that Americans overall are feeling better about the job market and President Obama’s handling of the economy than they have indicated for many months.

However, the large number of Americans communicating concern about covering their family’s expenses is disconcerting and indicates that while we may be moving in the right direction, the country still has a way to go on the road to full economic recovery. It will be interesting to see how these issues and concerns are addressed by President Obama and his Republican opponent in the upcoming presidential election.

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The 2012 job hunting season is officially open with the new year and the first week back to work. January is always the busiest hiring month of the year, thanks to new recruiting budgets being unleashed.

“The HR department is about to get busy,” says Chris Russell, founder of AllCountyJobs.com, a regional job board network serving the northeast. “Many people will be looking for a new gig this year, so here’s what you really need to know about the changing landscape of today’s job market.”

1. Hiring will be better than last year. Economists expect an average of 175,000 new jobs to be created each month. Things are getting better.
2. The resume black hole still exists. Even if you submit your application into an ATS (applicant tracking system), it is always a good idea to find another way into the company and get your resume in front of an actual person.
3. It is still a “buyer’s market,” at least in most industries. Many employers are still looking for an “exact DNA match” to fill their open positions.
4. Age discrimination is still rampant. You need to fight it. Here are some links to help.
5. It is always better to have your resume written by a professional resume writer. Make an investment; get it done.
6. Hiring cycles are still long and drawn out. Be patient after your first interview. There are lots of variables that go into making a hiring decision.
7. When searching for jobs online, ignore the job date. If it is 2-3 weeks old, there is still a very good chance the job is still open, and the company is still interviewing.
8. Realize that job search engines are not as inclusive as you think. They only index those companies and job boards that pay them. You still need to seek out the niche and local job boards in your field. You must maximize your search.
9. Tap the hidden job market. Look for companies that are growing and take any job to get your foot in the door. You will have more job security in the long run. Here is a tool to help.
10. Technology is changing the way we work. You need to keep up with it. Do not be left behind.
11. Understand that ALL jobs are now temporary. There is no more lifetime job security. You need to plan ahead, keep your skills sharp, and always, always be learning.

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