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Through 2008, jobseekers with bachelor’s degrees should expect a graduation gift from baby boomers: a promising job market.
For the first time in many years, a Bureau of Labor Statistics (BLS) analysis finds that total college-level job openings between 1998 and 2008 will nearly equal the number of college-educated entrants to the labor force. And a primary reason is the large number of retirements expected from workers at the leading edge of the “baby boom” generation—those born between 1946 and 1964—who are in college-level jobs. The shift in balance will help shrink the total number of college graduates expected to end up in noncollege-level jobs or be unemployed to about 7 percent between 1998 and 2008, down from 14 percent over the previous decade.
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