December 21, 2001

New Graduates to Face Tougher Job Market, Survey Finds

Students who don caps and gowns next spring will have to add tighter belts to their wardrobes.

The Class of 2002 can expect a decline of 6 to 13 percent in the labor market for new college graduates, and graduates with advanced degrees will be even worse off, according to a national survey conducted by the Collegiate Employment Research Institute, at Michigan State University.

The decline results from a manufacturing slowdown, reduced consumer spending, and the effects of

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