April's Unemployment Rate Paints A Picture For MBAs
May 10, 2010
By the My MBA Career Content Team – Find Top MBA Degree Programs
Many MBAs who are nearing graduation may be gearing up for their job searches. Economists have felt that the job market is improving, giving hope to those who are entering the workforce.
The release of April's unemployment rate may give hope to MBAs. Although the jobless rate rose to 9.9 percent after three consecutive months at 9.7 percent, there were 290,000 positions created, according to Forbes.
Many economists believe that while the unemployment rate rose, it was actually a good sign because more unemployed workers were back on the job hunt, indicating confidence in the market. It was predicted that that the number would go up as more people went back to searching.
Analysts are quick to point out that the monthly increase is not necessarily a bad thing, and that the American public should continue to take the market in stride, according to the Washington Post.
If you're still concerned about your chances of employment, enrolling in an MBA program may be able to increase your chances of securing a position. According to the Bureau of Labor Statistics, the higher the degree one has, the more likely they are to be employed.
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