This is not the most welcome news on a Monday morning, but it is consistent with what I've been hearing elsewhere:
For 2010 graduates, the past year presented challenges in finding professional jobs with adequate living wages; however, it also offered unexpected opportunities and sounded positive notes despite a battered economy. A total 1,789 LIS graduates responded to LJ’s annual Placements & Salaries Survey, down from last year but still representing a solid 37.3% of the approximately 4790 2010 graduates from the 38 participating schools. In another sign of the times, fewer LIS schools participated, and the ones that did once again reported that graduation rates are down (8.4% below 2009), ranging from 2% to almost 50% lower.
Average starting salaries were basically flat, improving by less than 1% to $42,556—which could be seen as good news, given the economy, but is nonetheless bad news for a profession that is already widely considered to be underpaid. On the upside, the gender gap narrowed significantly to a 3.7% difference (from 8.3%) between wages for women and men. And the new graduate unemployment rate went down slightly, with 6.7% reporting they were still unemployed compared to 7.8% in 2009.
And to think that a mere two years ago, Librarian was considered a job with one of the best prospects by U.S. News & World Reports. Apparently not.