College Graduates Embarking on a Job Search – May 2024
After cooler job gains in April 2024, the job market’s growth surged in May 2024 and exceeded economist expectations. Hiring continued to happen and occurred across a multitude of sectors as the economy continued shifting.
Many organizations understand an agile workforce is key to maneuvering evolving economic conditions, and a key component is the integration of contingent workers into an existing workforce. To further support this, Rose International saw month-over-month growth in its total available jobs.
As graduation season continues, the Rose International Team congratulates the class of 2024 and wishes all graduates luck on the next chapters of their careers.
The Job Market’s Surge
The Bureau of Labor Statistics (BLS) reported the job market added 272,000 jobs in May 2024, surpassing Dow Jones’ estimate of 190,000. Additionally, the national unemployment rate increased from 3.9% to 4%, breaking a 27-month streak of remaining below 4%. To compare, May 2023’s monthly job growth totaled 339,000 and the national unemployment rate was 3.7%.
The professional, scientific and technical services sector added 32,000 jobs in May 2024, an increase from the monthly average of 19,000 jobs gained in the past 12 months. The BLS also reported there were 8.1 million job openings and 6.6 million unemployed persons, adjusting the ratio of jobs to unemployed persons to be 1.2 to 1.
In May 2024, Rose International saw continued demand for temporary workers with the highest job openings in the IT, business professional and admin/clerical categories.
As hiring continues to happen, there’s opportunity for career success for individuals looking for a new job, including graduates embarking on a job search.
领英推荐
Embarking on a Job Search
Many individuals plan on looking for new jobs this summer, including 2024 graduates. While job market conditions continue shifting, hiring is still occurring, which is promising for experienced professionals and graduates. Further, a recent poll surveying U.S. employers found more than half planned to hire recent college graduates this year.
Looking for a new job requires preparation, including updating a resume, creating a strategy and continued networking. Including relevant in-school experience, such as special projects, volunteer opportunities and recognitions, helps graduates showcase their backgrounds to hiring managers.
Curating connections through networking remains invaluable for graduates and all job seekers. During a recent interview, Rose International CEO Sabina Bhatia emphasized the importance of having a LinkedIn profile and using it to connect with recruiters, which is something job seekers of all experience levels can implement.
A Job Search Advantage
Contingent work opportunities are a mainstream way of working that provide numerous advantages, such as flexibility, hands-on experience and more.
Connecting with a recruiter offers helpful support throughout the job search process. The Rose International Team guides job seekers as they sift through job openings. From identifying job opportunities that best fit job seekers, to optimizing resumes that showcase previous experiences and skill levels, the company helps graduates and other individuals looking new jobs. Get in touch with Rose International today. Click here to create a profile and apply to job openings.
As job market conditions continue shifting, Rose International understands some individuals are actively working on the next chapters of their careers. The Rose International Team is eager to continue helping job seekers, including recent graduates, find fulfilling job opportunities.
Was this article helpful? If yes, click the “Like” button.
?? Rose International?is one of the largest providers of Staffing and Total Talent Solutions to corporations and government agencies, employing thousands of people in all 50 states. Certified minority- and woman-owned, the company is headquartered in St. Louis, MO and has offices and service delivery centers across the U.S. and India.
?? Rose International is hiring! Click here to view available job openings. Jobs are updated frequently, and job seekers are encouraged to check back often.