Being a soon-to-be-graduate, about to enter the job force, doesn’t look as promising as it once did. Just when I was starting to get excited about depositing a biweekly paycheck into my account (rather than watching it ever-so-slowly deplete to double digits due to dinners out and weekends on Marshall Street), it looks like I might have to wait longer than I expected before making my first million. Why? It’s all due to a big scary word – recession.
According to Yahoo, “Economists at Merrill Lynch and Morgan Stanley say the U.S. is heading for its first-blown recession in 16 years, and a recent CNN poll found that 57 percent of the public believe the U.S. is in a recession already.” So what does this mean for recent grads and first-time job-seekers? Not good. Come May, most of us won’t be reveling in our new grey cubicles and starched-collar corporate wardrobes. Instead, we’ll be sporting our orange and blue ‘cuse sweatpants and the top we slept in last night as we aggressively produce cover letter after cover letter from the comfort of our own home and ever-familiar MacBook Pro.