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New Grad Hiring: Low Volume, High Salaries

It's no secret that the terrible economy has hurt hiring of recent grads for the last several years (driving young people to extraordinary creativity to get a job) but now that the economy appears to be lurching slowly towards recovery, has hiring picked up? And how are salaries fairing with so much competition among grads?

The National Association of Colleges and Employers keeps track of the numbers and has some surprising news on the subject, as Paul Hill of the organization's Salary Calculator explains in the short but insightful video below. It seems that while economic pressures have forced companies to target their hiring, bringing only a handful of exceptional candidates on board, firms are still willing to pay for the cream of the crop -- and there are even some reasons for optimism for young people without summa cum laude or phi beta kappa on their resumes.

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(Thumbnail image courtesy of Flickr user Charline Tetiyevsky, CC 2.0)