2. Uncertain Economy: Helping Students Job Search Chuck Hancock Renée Welch

3. Presentation Outline Big Picture – Overall economy – College Recruiting What we see at the Career Center How to help your students

4. Overview of Economy What are your perceptions of the current state of the economy for job searchers? What are you hearing from your students?

6. Current Economy

7. Current Economy - Unemployment National Unemployment Rate 6.7% Colorado Ranked 23 rd - 5.8% Nov 2008 UNEMPLOYMENT PERCENT DISTRIBUTION Total unemployed 100 Job losers and persons who completed temporary jobs 58.4 Job leavers 9 Reentrants 25.3 New entrants 7.3 Source: Bureau of Labor Statistics - November 2008 * Does not reflect underemployment

8. College Hiring Source: Recruiting Trends 2008-2009, prepared by The Collegiate Employment Research Institute (CERI) and The MSU Career Services Network

9. College Hiring Source: Recruiting Trends 2008-2009, prepared by The Collegiate Employment Research Institute (CERI) and The MSU Career Services Network More small companies (< 500) plan to increase hiring (33%) than large companies (24%)

10. College Hiring Unemployment by educational attainment age > 25 years < High School Diploma10.5% HS Diploma, No College6.8% Some College or Associate Degree5.5% Bachelor’s degree or higher3.1% Source: Bureau of Labor Statistics - November 2008

11. College Hiring Source: Recruiting Trends 2008-2009, prepared by The Collegiate Employment Research Institute (CERI) and The MSU Career Services Network

12. What we’ve seen

15. CSU Dec. 2008 Graduation Survey Results Compared to May 2008 College% Change Employment% Change Grad School Natural Science-5.15-20.88 Liberal Arts-8.61-14.38 Engineering10-11 Natural Resources0.09-25.01 Vet. Med. Biomed. Sci.-15.15-11.6 Applied Human Sci.5.73-16.5 Agriculture7.48-3.52 Business-32.97-4.9 * Survey results as of 1/1/09. Not complete.

16. Forecasting Length of Recession Other (somewhat recent) recessions Average recession length since WWII - 10.4 months 1990-91 and 2001 both short 1981-82 lasted 16 months and peaked at 10.8% unemployment 1973-75 lasted 16 months and peaked at 9% unemployment Great Depression 1930-32 (43 months) 25% unemployment Current recession is 13 months old, not approaching the trough yet “Another 2.5 million jobs will be lost in 2009,” says John Stapleford, an economist with Economy.com. That is on top of 1.9 million jobs lost in the first 11 months of 2008. (Preliminary figures for the full year will be published Friday.)

17. Where does the money go?

18. Less Impacted Industries/Careers Education Energy Heath Care International Business Environmental Security Sales IT - Software Design & Development, Networking, Systems Administration Nursing Accounting Business Analyst

19. Under Obama’s Administration Initiative: Construction of roads, bridges, transit and rural broadband 1. Construction managers 2. Project managers 3. Civil engineers 4. Computer-aided drafting specialists 5. Telecommunications engineers Initiative: Greater oversight of financial markets 1. Compliance accountants 2. Internal auditors 3. Tax accountants 4. Government regulators Initiative: Energy independence 1. Electrical engineers 2. Mechanical engineers 3. Power grid managers 4. Biofuels chemists 5. Sales and marketing Initiative: Healthcare modernization 1. Nurses 2. Information technology specialists 3. Bioinformatics specialists 4. Information security specialists 5. Software developers Initiative: Volunteerism and community involvement 1. Social workers 2. Administrators 3. Translators Source: Jobfox

20. Big Picture Trends Daniel Pink’s 3 As – Asia Harvard Business School Study – 21-42% (28.4 to 57.2 million) US jobs potentially ‘offshorable’ – Abundance – Automation

21. Daniel Pink http://www.youtube.com/watch?v=syo6ecgclR0

22. How to help your students Be open Understand you may not obtain the perfect position right away Explore options beyond your major Think and innovate Get out and meet people Work with friends Use Facebook and LinkedIn

23. How to help your students Don’t solely rely on job boards Create a focused resume Meet people Set yourself apart Get engaged if you experience a gap in employment Meet with a career counselor

24. Career Center Services Student Fee Funded Counseling and walk-ins CareerRAM Career Shift Optimal Resume, Interview, Letter – Optimal Impression Career Interviews Career Fairs

25. Career Center Services New Location: Lower Level LSC Phone: 491-5707 Walk-Ins: LSC 116 www.career.colostate.edu