College Grads Find Job Market Slightly Better

The newest crop of college grads will have more job opportunities than last year's graduating class, and in a few cases, slightly higher salaries.

But while analysts characterize the employment outlook as "gradually improving," there's also likely to be a larger pool of applicants chasing the increased number of job openings.

That's because the college labor market was dismal for many seniors over the past few years. So there are grads from the classes of 2001, 2002 and 2003 who are either still unemployed or are dissatisfied in jobs they took because they had to.

"You'll see an incredible amount of competition," said Dr. Phil Gardner, director of the Collegiate Employment Research Institute at Michigan State University.

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