The Keys to Landing a Job for New Graduates in 2021
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Here's your Money Briefing for Thursday, April 22nd. I'm J.R. Whelan for The Wall Street Journal. For the class of 2021 who've endured the pandemic for a big chunk of their college career, graduation will mark the end of a tumultuous stretch.
How is the 2021 job market for new graduates different from 2020?
But once the pomp and circumstance is over, it's time to get a job, which brings more challenges than usual this year.
So it's tough when you don't have previous jobs or internship experience to lean on when this is your first career right out of college. You don't have a ton of negotiation room and compensation shouldn't be the number one thing that you're looking for.
That's Jessica Schaefer, vice president of the LaSalle Network staffing firm. Coming up, she'll discuss what the job market looks like for this year's graduating seniors and tips for what to expect and what to say in a job interview. That's after the break.
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It's been a rough year and a half for all of us, but particularly for the class of 2021. As these soon-to-be graduates look to land their first job, what challenges do they face and what steps should they be taking? For answers, we called on LaSalle Network Staffing Company Vice President Jessica Schaefer, who's with me now. Jessica, thanks for being here.
Thanks for having me.
So, you know, Jessica, last year around this time, the job market looked disastrous for college graduates. Pretty much the whole country was shut down during the pandemic. So how does the job market look for this year's graduates?
It is drastically different. The pendulum has now swung all the way to the other side where in March and April and May of last year, everything was paused. Nobody knew what was going to happen, when things would pick back up. Whereas now we went through this economic recovery and we're emerging on the other side where companies are hiring. And the jobs market is really strong and really healthy. And so it's crazy to think that one year has passed for these graduates, that some 2020 grads are still looking for jobs while this fresh crop of 2021 has a lot of opportunities that are available to them.
So LaSalle surveyed 2,000 college seniors and 88% said they had not yet accepted a job offer. Is that number unusually high?
It's higher than we've seen in years past. So we've conducted this survey for the past six years.
Why did so many 2021 seniors delay job hunting until graduation?
And typically, there's a high unemployment rate for these grads right around graduation. We survey in February and March of each year. So it's a little earlier than when the May and the June grads might be coming up. but it's higher than we've seen before. And part of that is because those graduates didn't start looking for jobs as early as their predecessors. So the class of 2019 and 2018 and 2017, they started looking six months to a year before graduation because they knew they were coming into a really healthy jobs market. Whereas this class of 2021, they didn't know what to expect in December and January and February.
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