The outlook is brighter for recent graduates with degrees in computer science, engineering and accounting, with skills that are in high demand, according to the National Association of Colleges and Employers. While the group’s latest survey of companies shows a 10.2 percent increase in hiring plans from 2011, the improvement isn’t benefiting all majors the same way, said Edwin Koc, who heads research at Bethlehem, Pennsylvania- based NACE. Those “with certain skill sets are doing quite well,” while things are tougher for others, such as liberal- arts, humanities and education majors, he said.
Instead of indulging at the start of their career, many young people with degrees now are scrimping. Compared with five years ago, Generation Y -- people born from 1981 to 2001 -- is shopping more at discounters and value stores such as TJX Cos. (TJX)’s T.J. Maxx and Marshall’s and Dollar General Corp. (DG), and less at premium-priced retailers such as Limited Brands Inc. (LTD)’s Victoria’s Secret, Macy’s Inc. (M) and Nordstrom Inc. (JWN), according to Kantar Media. The New York-based research company analyzed shopping habits from January to May this year and in 2007.
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