3 Effects of Current Political Climate on Student Job Market




As the labor market becomes more competitive each year, current and newly graduated students may face difficulties when looking for jobs. 

According to the US Bureau of Labor Statistics, the unemployment rate at the end of 2019 was about 3.5%. The situation is similar in European countries as well.

What is interesting, each year, even the best graduate students with good knowledge and perfect skills face issues with employment in their countries.

Usually, this is caused by economic and political situations in the region. Today, more and more graduates prefer to work online. They can easily join the “army” of social media managers, QAs, developers, or apply for a position in online services like https://essaypro.com/essay-help.html and provide academic assistance for college students. The list of opportunities is endless.

Yet, in some cases, the political climate gives even more opportunities for young professionals.

So what are the main political factors that seem to affect so many young people getting a degree?

“Closed Doors” Politics Brings New Working Places

The strong growth in graduate employment gives President Donald Trump more evidence for his claim that the US economy is thriving under his leadership. His politics of “closed doors” for migrants and international companies indeed brings some success to locals.

New findings from the Bureau of Labor Statistics (BLS) quarterly employment report prove that the traditionally powerful US job market will continue to grow in the year 2020.

According to the report, 225,000 jobs were added to the economy in January, destroying market expectations for 158,000 jobs. Taking into account the amendments for November and December, the average monthly increase in employment over the past year was 171,000 jobs. 

The biggest increases in the previous months occurred in the areas of health and education (+72,000), building (+44,000), and entertainment (+36,000).

The report of BLS showed that during the previous year ending in March 2019, 514,000 fewer new jobs were added than earlier reported. These changes do not mean that jobs were lost, but rather that they were previously overstated. 

However, with the rapid growth in jobs after President Trump was elected, 7 million working positions were added to the economy. 

Brexit Will Crash a Labor Market

Of course, the process of such amplitude will affect the graduate’s labor market. 

Scientists from the University of Leuven, Belgium, published the results of a study about the impact of Brexit on the European Union. 

According to the research, the EU would lose a total of 41 billion euros in the case of the so-called soft Brexit and 169 billion euros in the case of hard Brexit. 

Researchers predicted that about 1.2 million people in the European Union would lose their jobs in case of a hard Brexit. Malta, Ireland, the UK itself, the Netherlands, and Belgium would have suffered the most. 

Estonia, Romania, Bulgaria, Greece, Croatia, and Austria will suffer the least, but the political and economic consequences will also have the effect.

One of the newest studies on graduate employment has shown almost the same results. Research results published in The Independent found that over thirty percent of current university graduates believe that Brexit will have a negative impact on their carers. 

Globalisation and Computerisation Can Grab Your Job

It has to be said that the politics of globalization and migration processes are some of the most powerful change-makers of the graduate labor market now. 

There is a lot of proof of that. Millions of migrants from the Middle East and other regions, including Eastern Europe, for example, are the low-cost workers. This makes them a perfect choice for many Western companies. 

The politics of ‘’open doors’’ makes it easier for foreigners to find a job in a new country. But it also makes it harder for a graduate student without working experience.

Also, governments are investing more and more into computerization and robotization. With the progress of technology and science, a lot of working positions are going to be automated.

The expectations are striking – nearly 50% of all jobs will be automated by the 2030s.

So how can one deal with all of this?

Tips to Find a Good Job Regardless of The Political Climate

Get the Most of Each Opportunity

Countless resources are allocated to the employment of graduates in universities – get the most out of them. Attend job fairs, get advice from your union’s student services, and participate actively in networking events. 

You never know who you might meet or what advice you might get. 

Remember to register with recruitment agencies. Many go them focus on providing opportunities for graduates.

Do Your Research

Don’t forget to do your research and take the time to get to know your preferred industry from the inside. 

Find out what employers are looking for and identify skill gaps that you can fill in. This way, all you might need will be a relevant completed course. And voila – attending interviews, you present yourself as a knowledgeable candidate.

Expand Your Skill Set

Do your best to make yourself the best-fitting candidate to potential employers. Highlight your skills. 

Taking online courses to gain practical tips on your preferred industry can make you stand out from the crowd. Also, understand the value of the transferable skills you acquire at university. 

Learn how to demonstrate them in a way that shows why you are the right person for a position.

Be Flexible

In the labor market, graduates need to be ready and willing to adapt. Start looking for an entry-level job before you graduate, but also think about a temporary occupation or summer internship. 

Gaining relevant work experience and showing it on your resume will be valuable when you get the chance to be interviewed. It can give you the advantage against other candidates.

Final Words

Of course, the political climate affects all spheres of our lives, including employment opportunities. 

Still, everyone is responsible for one’s own future. If you work hard yet smart, you will definitely have something to offer the demanding labor market.


Source Article from https://hangthebankers.com/3-effects-of-current-political-climate-on-student-job-market/

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