Good Fall Hiring Outlook
GOOD FALL HIRING OUTLOOK
By Stuart Esrock, Ph.D.
A new national study suggests a near-term positive outlook for students seeking internships and entry-level positions. The National Association of Colleges and Employers (NACE) indicates nearly 90% of respondents to a survey said they will be hiring for both full-time and internships/co-ops in the fall.
NACE said the remaining 10% of companies/organizations reported they will be hiring either intern/co-op students or entry-level employees. There were no organizations who indicated they will not be hiring this fall.
NACE said the forecast is improved over last year. For fall, 2021, 83% of employers said they would be hiring interns and entry-level employees. The following chart shows the results from the NACE job outlook studies for the past two years.
The director of UofL’s University Career Center, Bill Fletcher, is cautiously optimistic about hiring in this region. “Right now, it is a job seekers market. However, with inflation at a 40-year high, the Federal Reserve is increasing interest rates in an effort to bring it under control. There are several opportunities for increases between now and fall. If they miss their mark and overcorrect, it could result in a recession. That would change the outlook for fall hires.”
Data for the NACE job outlook survey was collected between February 2 and March 11. A total of 196 companies and organizations of all sizes from across the country responded to the survey.