Source: Library Journal, 10/15/2009
Even before the bloodletting of 2009, 2008 graduates were hit hard. Job searches averaged almost five months, and unemployment postgraduation rose to 5.9% in 2008, compared to 4.7% in 2007. Average starting salaries dipped slightly overall, dropping 1.8% to $41,579, after 18 years of increases, while placements in part-time and nonprofessional positions rose. Part-time placements increased from 16.3% of the placements in 2007 to 18.3% of 1,817 grads reporting jobs in 2008, after holding steady for two years. Likewise, 13.5% of the 2008 graduates either remained in or found non-professional positions compared to 11.3% in 2007.