From Shawn VanDerziel, Executive Director, National Association of Colleges and Employers (NACE)
Just Released: Job Outlook for Class of 2023… We’ve all heard the stories about employers cutting back on hiring and that a recession may be imminent – which could impact the job market. Interestingly, though, our newest research indicates that employers are planning to increase hiring of new and recent college grads overall by nearly 15%. While 1 in 5 employers did say they are planning for a recession, only a small portion of those expect to cut back on entry-level hires.
Its important to point out, as the below graph demonstrates, not all employers are planning to increase their hiring, in fact, a large number are planning to maintain their hiring numbers, while a small percent are planning to decrease hiring – when totaling all the potential hires, there is an increase of 14.7%. For this reason, it’s hard to view these employer responses as anything but positive overall and a cause for optimism during these uncertain economic times.
The full Job Outlook report is filled with really interesting findings about what employers are thinking and doing: https://careerhub.students.duke.edu/resources/nace-job-outlook-for-the-class-of-2023/