2009 College Grads Face Tough Job Market

According to the National Association for Colleges and Employers, the companies surveyed for the group's spring update are planning to hire 22-percent fewer grads from the class of 2009 than they hired from the class of 2008.

Specifically, 44 percent of companies in the survey said they plan to hire fewer new grads overall, while another 22 percent said they do not plan to hire anyone this spring.

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Time: Job Forecast For College Seniors: Grimmer Than Ever