Young Americans Are Entering the Best Job Market Since Recession

January 9th 2016

Sylvia Kim

If you're looking for a new job, the odds are definitely in your favor. Millennials are now entering the best job market season ever since the recession.

Today, unemployment in the U.S. is at a mere five percent, the lowest it has been since early 2008. Hiring has increased tremendously over the past two years and according to a survey by the National Association of Colleges and Employers, an additional 11 percent of college graduates will be hired in 2016. Responses also state that 42 percent of employers describe the present job market as “very good” or “excellent,” a meteoric rise from two years prior when only 18 percent of responders used those terms.

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Overall, job prospects are favorable for new graduates planning on careers in training, web developing, law and engineering. Those with a college degree stand the best chance in reaching their career goals.

Excited college graduates

So what are the best fields to venture into as a Millennial?

WalletHub ranks the top 10 entry level jobs as follows. You can view the entire list here.

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Here's a look at some of the top Millennial jobs.

1. Training Specialist

If you’re looking for something with potential, employee relationship specialist positions have risen to the top ranking with more than 100,000 openings across the US. Millennials who are gifted in teaching may find a perfect fit with a training specialist job. This crucial role is used to teach employees company values, processes and general know-how. Training Specialist jobs are number one for most income growth potential.

2. Web Applications Developer

With apps taking over people’s phones and way of life, web application developers find a thriving career supplying these new forms of convenience and entertainment. Creative types can also find opportunities in web design and even web writer positions. These web based jobs have become highly popularized occupations for Millennials with sites like Facebook becoming one of the top 10 fastest growing companies of 2015 and start-ups providing unique opportunities for recent grads.

3. Engineer

If you majored in engineering during college, you’re in luck. Careers in engineering are one of the highest sought after positions in 2016. With about 5.8 million jobs available in the U.S., a large proportion of these jobs are in network, environmental and software engineering. Up to date, the engineering field has the greatest number of job openings.

4. Attorney

In regards to pay, being an attorney has one of the highest starting salaries. Although becoming an attorney requires three extra years of law school, many college graduates choose to go that extra mile. Employment law, tax and patent attorneys are some of the most prevalent specializations for newly minted lawyers.

5. Information Security Analyst and Programmer

By 2022, WalletHub estimates that information security analyst and programmer careers will be on a healthy rise. Cyber security has become a major issue for corporations to the benefit of the tech savvy graduate. The security analyst helps prevent hacks to computer systems. Programming is another viable option for Millennials. Don’t forget to learn how to code before you graduate. It may very well land you a job as a programmer.

6. Financial Analyst

The business sector is also keeping steady prospects when it comes to financial analyst jobs. Economics lovers are best suited for this high paying career. Companies including high powered corporations need to know when to invest or sell, and financial analysts figure this out for them.

Some industries are hurting.

Oil drill

While engineering, web based and law careers offer the biggest opportunities for Millennials, the only field which is seeing a current downward trend is the oil and gas industry. Low gas prices attribute to a lack of job availability. There will be a nearly 58 percent drop in hiring for applying candidates, in addition to a much lower salary than usual.