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In the past few years, we’ve witnessed record-high job openings, high-profile labor strikes, record-high inflation, and a global pandemic.
Needless to say, that’s created a turbulent job market. And that turbulence doesn’t seem to be going anywhere. For universities, this market volatility complicates the career counseling they offer students. What may have been true even a year ago likely won’t apply today.
So how do you deliver real-time labor insights to students? You use real-time labor market data.
Keep reading to see how you can support students with relevant job market insights, and which three high-stakes decisions this data can help simplify.
Decision #1: College Major Selections
Within their first year, roughly a quarter of college students change their major. And more than half of college students have changed their major at least once. Regardless of initial plans, students always need guidance and support. They’re constantly learning and being exposed to different perspectives that may shape their academic trajectories.
What’s more: we can already see the consequences that inadequate career planning has on students. Sixty-one percent of college grads would change their majors if they could go back. How can you help prevent this?
One solution is to equip your