By Marissa Piazzola Published May 05, 2016
College students about to receive their diplomas are in for some extra good news; hiring of new grads is on the rise.
According to a national survey Opens a New Window. conducted by Harris Poll on behalf of CareerBuilder, 67% of employers are planning to hire recent college grads this year, up modestly from 2015. CareerBuilder, which polled more than 2,000 hiring managers, notes this is the highest outlook on record since 2007.
In terms of starting salaries, the CareerBuilder survey says 37% of employers plan to offer recent college graduates higher pay than last year, while 27% say they will offer a starting salary of $50,000 or more.
Still, despite this optimism, there are some fundamental issues keeping the Millennial generation from reaching its full employment potential after graduation. According to the U.S. Bureau of Labor Statistics, the youth unemployment rate was 10.4% in March compared to the national unemployment rate of 5%. While youth unemployment has historically been higher than the overall rate, experts say there are ways to close the gap.