Factors That Will Affect Your Career This Year

Generation Y
Born between 1977 and 1995, Generation Y is 79.8 million strong. In 2008, millions of these echo boomers, as they're also called, will be looking for work. Challenger predicts that competition for jobs for new graduates will be stiffer than in recent years.
He notes, "Generation Y workers are flooding into the job market, but they might not be flooded with job offers."
He says the class of 2008 shouldn't expect the same robust job market their counterparts enjoyed in previous years. "Since the summer of 2003, the market was very strong for graduates, but job creation has slowed in the second half of 2007. The economy is slowing down, and business owners may be more cautious about adding new staff."