Despite last week's $787 billion stimulus package, graduating Ohio University students enter the workforce during an economic crisis and face a tough job market.
To address student economic concerns, Student Senate's Academic Affairs Commission hosted a lecture called Econ
Oh My!: Overcoming your Recession Depression that discussed the country's current political and economic landscape and how it influences the job market.
Keynote speaker and political science professor Christopher Martin said that small businesses are the backbone of the U.S. economy.
Small business have certain needs that require loans resources
people and equipment. Martin said. The problem is
when the economy contracts
banks can't back up those loans.
Martin compared the state of the current economy to where it was when other presidents took office and said that unemployment rates are lower than when Bill Clinton, Ronald Reagan and Jimmy Carter took office. However, Martin said other economic indicators are lower than past presidencies.
There is a huge increase in the price of homes
Martin said, adding that while inflation rates remain stable, consumer confidence has reached all-time lows.
People are making less money
but things costs more
Martin said.
Dr. Thomas Korvas, director of Career Services, said that on-campus recruitment by employers has dropped 30 to 40 percent from last quarter.
There are not easy answers to this difficult economy
but students need to take advantage of every resource that is available
Korvas said.
Korvas said that the office of Career Services started hosting the Tool Kit Tuesdays Workshop Series this quarter to help students improve interview and marketing skills.
You can go to an excellent college and do well academically
