I am on the college recruiting team for a large manufacturing company in the Midwest. Last Tuesday, I staffed my company's booth at Iowa State University's spring engineering career fair.
I met a very charismatic student with an impressive resume: Suma Cum Laude with a 3.98 GPA in engineering.
He had done three internships with large, reputable companies, was involved in a myriad of extracurricular activities, had studied abroad and had a substantial senior project. Normally this kind of student has his pick of top jobs. I spoke with him after the career fair, to find that he only had found two leads.
Nobody is hiring and I really feel for the college graduates. They invested heavily in their educations, only to have the rug pulled out from under them.