New grads may have a harder time landing their dream job, despite a strong labor market — here's why

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Although the overall outlook is positive, some employers are cutting back on new college graduate hires and salaries are likely to fall short of expectations.

Still, even as the job market cools for soon-to-be grads, these job seekers are more discriminating in their searches.Mike Segar | Reutersedged up to 3.9%, "the streak below 4% has continued for 27 consecutive months," said Mark Hamrick, Bankrate's senior economic analyst.

Some employers are scaling back on their hiring plans altogether. Overall, hiring projections for the Class of 2024 fell 5.8% from last year, according a And yet, there are a few things that young adults entering the job market aren't willing to compromise on, especially when it comes to work-life balance.

Going forward, however, there may be fewer remote options for those just starting out. Full-time workers between the ages of 20 and 24 are less likely to be fully remote compared to other age groups, due in part to seniority level, according to anotherCompanies with remote work opportunities will allow job seekers to cast a wider net, Salemi said. "In terms of the quality and quantity, they can pursue jobs beyond the constraints of a particular zip code.

 

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