MERIC NEWS LETTER



Graduate Job Outlook 2007

What does the job market look like for the Class of '07?

Not too bad: Companies expect to hire 17 percent more employees from the class of ’07 than from that of ’06, according to a national collegiate-employer association. That's good news for the more than 64,000 students of Missouri institutions of higher learning who'll be graduating this year.

According to the National Association of Colleges and Employers' Job Outlook 2007 Fall Preview survey, 52 percent of employers surveyed expect to hire more new college graduates in 2006-07 than in 2005-06.

Hiring by Sector
Service industries project the biggest increase in college hiring, says the report: an expected 19.8 percent more new college graduates. Manufacturers are also positive about hiring, predicting a 9.5 percent increase in hiring. And government/nonprofit employers plan to hire 9 percent more new college graduates.

Hiring by Region
Employers in the Midwest expect to increase hiring by 10 percent. That's the lowest of all four regions surveyed.

Employers in the South have the most positive projections, expecting to increase hiring 25.5 percent. Employers in the West expect to increase hiring by 23 percent, and those in the Northeast 16.9 percent.

Increasing Missouri Graduation Rate 
Whatever the region, optimistic employer hiring intentions should come as a relief to the increasing number of graduates in Missouri. If current trends continue, the total number of post-secondary graduates in the state will top 65,000 in 2006, according to Department of Higher Education statistics.
 

TOTAL DEGREES CONFERRED BY PUBLIC INSTITUTIONS IN MISSOURI, 1993-2005

YEAR

TOTAL*

YR OVER YR % INCREASE

2005

64,024

3.78

2004

61,692

2.59

2003

60,134

6.19

2002

56,628

4.88

2001

53,994

1.33

2000

53,285

2.22

1999

52,129

1.39

1998

51,415

3.43

1997

49,712

1.05

1996

49,196

0.25

1995

49,073

1.99

1994

48,114

0.82

1993

47,721

N/A

 *Includes postbaccalaureate and postmaster's degrees.

The University of Missouri, Columbia, conferred the most degrees (6,128) among all public institutions in 2005. Among private, not-for-profit institutions, Webster was No. 1 with 6,895. Overall, public institutions conferred a greater number of degrees than did private institutions, 30,084 to 28,440. 

Selecting the Right Occupation
But which is the right occupation? MERIC can help! MERIC occupational projections data to 2014 shows retail sales, healthcare and education are excellent choices.


 


For more on occupational openings, fastest growth and declining occupations, highest wages, education and training needed, career grades and more, see the Occupations page on our website:

http://www.missourieconomy.org/occupations/index.stm

Or, for a list of more than 800 occupations with estimated wages, employment and growth, go directly to:

http://www.missourieconomy.org/xls/occproj_2014.xls

Sources: National Association of Colleges and Employers' Job Outlook 2007 Fall Preview, The Statistical Summary of Missouri Higher Education 2005-2006, MERIC occupational projections data.

                                                             LINE


Contact Us                                                       MERIC Home