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  • Job Market Ratings Point to Stable Economy

    December 06, 2019 | By NACE Staff

    Trends & Predictions
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    TAGS: trends and predictions, surveys, spotlight

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    Respondents to the Job Outlook 2020 and the Job Outlook 2019 surveys had a somewhat similar view of the overall college job market, with both rating it as “very good.”

    While the group of respondents rating the market as “excellent” dropped to slightly less than 10 percent, the “very good” and “good” ratings grew, signaling the perception of an overall stable economy.

    In addition, the percentage of respondents that rated the market as “fair” fell from 8.9 percent last year to 7.1 percent this year. (See Figure 1.)

    Data for the Job Outlook 2020 survey were collected from August 1, 2019, through September 30, 2019. This year’s data collection not only surveyed 905 NACE employer members, but also 2,229 employer organizations that were nonmembers. A total of 150 surveys were returned; 115 were NACE members and the remaining 35 were nonmembers. The Job Outlook 2020 report is available free to members through MyNACE. Nonmembers can purchase the report through the NACE Store.

    Figure 1: Employers Rate the Job Market for 2019-20 Graduates

    Year Excellent Very Good Good Fair Poor
    2019-20 9.8% 48.2% 34.8% 7.1% 0.0%
    2018-19 16.8% 46.5% 27.7% 8.9% 0.0%
    2017-18 7.4% 38.2% 46.3% 8.1% 0.0%
    2016-17 7.6% 29.2% 53.5% 9.0% 0.7%
    2015-16 6.1% 35.9% 45.9% 12.2% 0.0%
    Source: Job Outlook 2020, National Association of Colleges and Employers