Job Seekers Less Optimistic in February

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Minneapolis — Feb. 11
Due to factors such as the continuing flat stock market, subprime mortgage scandals, fears of recession and uncertainty in the political arena, college students and recent graduates are increasingly pessimistic about the prospects they face in the job market.

CollegeRecruiter.com, the leading job board for college students searching for internships and recent graduates hunting for entry-level jobs and other career opportunities, conducts a monthly poll in which candidates are asked, “If you were to start looking for a new job today, how many months would you expect it to take to find one?”

In November, almost 75 percent of respondents expected that it would take them only three or fewer months to find a job, and fewer than 13 percent believed that it would take them longer than a year. In December, almost as many candidates expected that it would take them only three or fewer months to find a job, but only 5 percent believed it would take them longer than a year.

In January, 69 percent expected that it would take them only three or fewer months, and slightly more than 8 percent believed it would take them longer than a year. In February, 65 percent expected that it would take them only three or fewer months, and almost 6 percent believed that it would take them longer than a year.

“We were quite pleased to see that the majority of college students and recent graduates who use CollegeRecruiter.com to find internships, entry-level jobs and other career opportunities were confident about their ability to find a new job quickly,” said Steven Rothberg, president and founder of CollegeRecruiter.com. “We are, however, disappointed that their confidence is waning. The slipping confidence is understandable given the economic, geopolitical, and domestic political uncertainties.”

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