22% Drop Projected for Hiring of New College Grads

The last few months have seen many of the companies that hire new college graduates revise their plans -- and that's why you may be seeing more anxiety in the career center. Data released Wednesday by the National Association of Colleges and Employers show that hiring of new college graduates this year is expected to be down 22 percent from a year ago. And 22 percent of employers responding to the survey said that they didn't plan to do any hiring at all. While the survey found no parts of the country that are immune from the downturn, the projected hiring declines are the greatest in the Northeast and the West.