GradStaff has found that more than 80 percent of young Americans looking for a job wanted to work at a large company, LaBombard says. According to the ADP National Employment Report in April, more than 74 percent of new jobs added that month were with small- to medium-sized businesses with 500 or fewer employees.
“We feel that the unemployment rate at the entry level would actually be lower if the market were more efficient,” he says. “We think it’d definitely be in single digits.”
The jobless rate for Americans 20 to 24 years old was 10.6 percent in April, according to figures from the Labor Department.
LaBombard also says one of the biggest mistakes he sees young job seekers making is not growing their network through alumni and professors.
The Millennial Branding survey similarly showed that more than 70 percent of employers said they’d give high priority to a candidate referred by a current employee.
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