February 27, 2021
Given the change of course that has happened in the world, we wanted to provide expert opinions on what aspiring graduates can do to start off their careers in an uncertain economic climate. We wanted to know what skills will be more important, where the economy is doing relatively well, and if there will be any lasting effects on the job market.
Companies are looking for candidates that can handle the new responsibilities of the job market. Recent graduates actually have an advantage because they are comfortable using newer technologies and have been communicating virtually their whole lives. They can take what they've learned and apply it immediately.
We spoke to professors and experts from several universities and companies to get their opinions on where the job market for recent graduates is heading, as well as how young graduates entering the industry can be adequately prepared. Here are their thoughts.
Michigan Technological University
College of BusinessWebsite
Laura Connolly Ph.D.: One thing we have learned so far during the pandemic is that it has disparately impacted different industries, occupations and groups of workers. Even within the construction industry the impacts of the pandemic are not uniform. Residential construction has added back more of the jobs lost during the pandemic than nonresidential construction. This is influenced by the surge in the housing market and uncertainty in demand and funding for commercial projects. All of these factors, and more, are likely to influence the job market. Residential construction could be in a better position to expand employment than commercial construction in the short term. The shift to work from home and differences in state and local government responses to the pandemic have impacted individual preferences for where to live. These spillover into the construction sector, with some areas experiencing population growth and an increased need for more housing. Construction management jobs might be more available in these geographic areas. There are other job market trends we've seen during the pandemic that are likely here to stay as well, including working from home, virtual recruitment and training processes, and increased safety and protocol measures.