According to many indicators, it's a tough job market, especially for recent college graduates, many of whom haven't had the chance to gain experience in their field. The lack of available jobs for those new to the workforce only adds to the growing problem of student loan debts, as those without steady income often default. However, debt collection
agencies may want to keep an eye on the latest trend indicating that it is becoming easier for degree holders to find their niche in the workplace.
Recent research by the National Association of Colleges and Employers showed that employers are predicting a 10.2 percent increase in hiring 2012 college graduates, as compared to class of 2011 numbers. NACE executive director Marilyn Mackes said that this meant the recent graduate job market is steadily picking up. According to Reuters, a dozen American colleges have reported a 15 to 30 percent increase in the number of businesses that attend school-sponsored career fair events, and companies asking to interview students is also becoming more frequent. The Wall Street Journal, using 2010 Census data, noted that graduates holding degrees in certain majors are faced with unemployment more often than others. For example, clinical psychology majors have a 19.5 percent unemployment rate, followed by miscellaneous fine arts majors with 16.2 percent unemployment and U.S. history degree holders, 15.1 percent of whom are unemployed.