College seniors graduating this month should be entering a much stronger labor market than last year’s graduates.
The increase in vaccinations and decrease in the number of coronavirus infections have boosted the economy just in time for the class of 2021.
Although employment in the nation is struggling to gain traction, the economy added a modest 266,000 jobs in April after a strong increase of 770,000 jobs in March.
Based on job postings that are a leading indicator of employment, many new graduates will find ample opportunities.
In the Richmond area, job postings have been higher so far this year than last year since mid-March, according to Chmura Economics & Analytics’ JobsEQ technology platform. Job postings have been about 100% higher last month than a year ago in April.
For jobs that require an associate’s degree or higher, the strongest demand is for workers with skills in the broad areas of computer and math, management, healthcare practitioners and business and finance.