05/25/2022 | Press release | Distributed by Public on 05/25/2022 18:10
Today ZipRecruiter released its inaugural report, "The Class of 2022: The Job Market Outlook for Grads" revealing that newly minted college graduates are entering a sizzling job market with two job openings for every unemployed person. Employers are rolling out the red carpet to grads with perks like signing bonuses (nearly 800% growth in recent years), remote work options, help with student loan payments, and vacation stipends.
"Young people spend a large share of their income on food, rent, and gas, so inflation is hitting them hard. But new grads are well-positioned to go after job opportunities now that can set them up for long-term success," said Ian Siegel, ZipRecruiter Co-Founder and CEO. "Fortunately, the class of 2022 is entering a very favorable job market. If you graduate into a slow market, the negative effect on your earnings can last 10-15 years. But if you graduate into a hot job market like we're seeing today, the benefits can last a lifetime."
Report highlights include:
"More than 6 in 10 job seekers want remote jobs, but only 1 in 10 jobs is remote. So if you're applying for remote jobs, expect more competition and send more applications. If, on the other hand, you're prepared to work in an office, the odds swing to you."
The report also details the hottest job markets in the U.S. for 2022, top entry level jobs for new grads, most common industries for first-time hires, and what skills are most in demand. "Different parts of the country are best for different kinds of careers. Choose wisely. Starting a career in health care at a top-ranked hospital in Massachusetts, for example, could expose you to best practice and innovation, setting you up for lifelong career success," added Renata Dionello, ZipRecruiter Chief People Officer.
To view the full report, including additional data insights and methodology, visit "The Class of 2022: The Job Market Outlook for Grads."