Andrea Koncz, ext. 121
Kevin Gray, ext. 139, 610.868.1421
November 18, 2021
Employer Hiring Plans Climb Steeply for Class of 2022 Graduates
BETHLEHEM, PA—Employers plan to hire 26.6% more new graduates from the Class of 2022 than they did from the Class of 2021, according to a new report from the National Association of Colleges and Employers (NACE).
The data NACE collected in its Job Outlook 2022 survey appear to be in line with job opening trends in general.
“With job openings exceeding 10 million and the unemployment rate now below 5%, employers are obviously viewing a very competitive labor market,” says Shawn VanDerziel, NACE executive director.
“This suggests that employers will be intensely focused on talent acquisition in the coming year. We are in the midst of the best seller’s market since 2000.”
The Job Outlook 2022 survey results provide further evidence of the robust job market as almost 60% of responding employers have plans to increase hires this year, compared to just 16.5% last year.
Furthermore, survey results revealed the shift in employers’ perception of the job market. The largest group of respondents (48.6%) rate the overall job market for Class of 2022 graduates as “very good” and 14.1% rate it as “excellent.” Last year, just 3.9% of respondents rated the overall job market for Class of 2021 graduates as “very good” and only 0.5% deemed it “excellent.”
Figure 1: Job Outlook Hiring Projections, 2011 – 2022*
About Job Outlook: The Job Outlook survey is a forecast of hiring intentions of employers as they relate to new college graduates. Data for the Job Outlook 2022 survey were collected from August 18, 2021, through October 1, 2021. Of the 157 total respondents, 116 were NACE employer members, representing 15.7 percent of eligible member respondents. The Job Outlook 2022 survey was also distributed to nonmember companies from which an additional 41 responses were received.
About NACE: Since 1956, the National Association of Colleges and Employers (NACE) has been the leading source of information about the employment of college graduates. For more information, visit www.naceweb.org. NACE maintains a virtual press room for the media.