Industry Research

US Labour Market Update

In the NACE publication Salary Survey, A study of 2006-2007 beginning offers (Winter 2007Vol 46 Issue 1) these were the major findings:

• According to the recent NACE Salary Survey, employers project more jobs and higher salaries for 2007 graduates.
• Respondents to the NACE Job Outlook 2007 indicated a 17.4 per cent increase in recruitment, and 80 per cent were planning to increase salary offers to new bachelor graduates (an average increase of 4.6 per cent).
• Most disciplines saw moderate increases: Accounting – 1.7 per cent; Business Administration/Management – 9.2 per cent; Computer Science – 2 per cent; Engineering – Chemical 7.4 per cent, Electrical 3.2 per cent, Mechanical 7.7 per cent; Liberal Arts – 6.1 per cent.
• The exception to the above was Marketing, which had a remarkable rise of 14 per cent in salary offers.