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Companies Hiring More College Graduates to Replace Baby Boomers

CBS news affiliate WSBT, 1/30/08

Abstract:

The job outlook is bright for college graduates. Employers say this is the healthiest job market, offering the most jobs in three years. Many of the new hires will be replacing baby boomers who are approaching retirement...

According to an annual survey conducted by the National Association of Colleges and Employers, companies expect to hire 15 percent more graduates this year.

"We are caught in a chasm where we have a lot of older employees, and we have to beef up the hiring with the younger recruits," said John O'Connor, a Hewlett-Packard representative.

"Even though we may be in a down turned economy, it's not going to stay that way forever. And there's programs you can put them into to make it work," said Sam Donaldson, CEO of OfficeMax.

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