The Class of 2022 is likely to receive more job offers than graduating seniors in previous years, according to a new report from the National Association of Colleges and Employers (NACE).
Employers plan to hire 31.6% more new college graduates, up five percentage points from their original hiring projections in the fall, according to NACE’s Job Outlook 2022
“We’re seeing hiring increases across industries,” says Shawn VanDerziel, Executive Director at NACE. In fact, 16% of respondents that provided hiring numbers plan increases of 100% or more. The oil and gas extraction industry is doubling its college hires and has the largest projected increase at 105.9%.
Equally optimistic is Michigan State University’s 51st Annual Recruiting Trends Survey & Report which finds employers “buoyant and resilient” about opportunities available to college students. Sixty-six percent of employers surveyed describe the overall new college labor market as very good to excellent.
“For new college grads, it's going to be a very strong labor market,” says Phil Gardner, Publisher of the Recruiting Trends Report.
At Sacramento State, seniors graduating this year, recent graduates, and undergraduates looking for internships “have many more opportunities,” says Melissa Repa, who directs Sac State’s Career Center. “It’s a really exciting time.”
Repa points to the online jobs board Handshake, which Sac State students use to search for opportunities, to tell the story: Employers posted about 24,000 jobs targeting Sac State students on Handshake during the past three months, compared to 24,000 in all of 2020.
And in March, the campus hosted a virtual career fair featuring more than 140 companies, nearly double the number that participated in spring 2020. “To say that we are overwhelmed by employer demand in the Career Center is an understatement,” Repa says. “It’s been a 180-degree turnaround.”
Opportunities abound in many careers, including science and technology, health, social work, nursing, and marketing, she adds.
Looking solely at tech careers, the recent CompTIA Tech Jobs Report finds the unemployment rate for tech occupations in March 2022 is 1.3%, its lowest level since June 2019.
Employer job postings show that the search for tech talent
By metro area, job posting data suggests that hiring momentum may be picking up in some markets that began 2022 with a modest level of activity. New York City (+3,571), Chicago (+1,912), Atlanta (+1,379), Philadelphia (+1,279) and Charlotte (+1,204) topped the list of the metro areas with the largest month-over-month increases in job postings.
Of the job postings, software developers and engineers are far and away the most sought-after roles companies are looking to fill, with more than 115,000 job postings across the country. IT support specialists, IT project managers, systems engineers and architects and network engineers and architects are also in high demand.
The momentum is expected to continue. CompTIA estimates a 2% increase – nearly 178,000 new jobs – in 2022, with 48 states projected to add tech workers. Data scientists and analysts (4.3%), cybersecurity professionals (4%), software developers (3.9%), and computer and information research scientists (3.5%) lead the list of occupations expected to see strong growth in 2022.
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