Employers place greater emphasis on social skills

For the roughly 20 million students going to college this fall, there is good and bad news about the future of the job market.

The good news is the U.S. economy is currently experiencing the longest sustained period of economic growth in its history. The U.S. annual GDP continues to be the largest in the world by a wide margin.

The bad news is the job market has never been less predictable. There is little agreement about what kinds of careers will be in demand over the next five years or so.

Consider this: according to the Federal Reserve Bank of New York’s latest report on the job market for recent college graduates, the unemployment rate for majors in art history (3%) and philosophy (3.2%) is lower than the unemployment rate for majors in economics (4.9%), computer science (6.1%), or