NEW YORK (CNNMoney.com) -- Graduates in the class of 2010 are making a little less money at new jobs than those who finished school last year, with the weak economy the prime culprit, according to a report released Thursday.
The National Association of Colleges and Employers said the average starting salary for this year's bachelor's degree recipients dipped 1.3%, to $48,661.
"It's just a simple supply-and-demand result of what's going on the economy right now," said association spokeswoman Mimi Collins. "You just have fewer opportunities all the way around."
Among the fields with lower salaries were psychology majors, whose starting pay dropped 5.6%. Computer engineering salaries declined 2.9%, while history majors' pay was down 2.1%
But English majors enjoyed a salary increase of 7.1% this year, and sociology grads' pay rose 5.7%.
Economics graduates saw their average salary ramp up by 2.1%, while information sciences grads got 5.7% more.
Those with engineering degrees other than computers experienced modest salary increases. Chemical engineering majors' pay rose 1.1% to an average starting salary of $65,628, among the highest for all new grads.
BlackBerry will pay $550 for your iPhone, if you switch to a Passport. More
More retailers start their deals on Thanksgiving, but it's merely shifted some customers from Black Friday to Thursday. More
Retail and restaurant workers in San Francisco may soon benefit from an expansive, first-of-its-kind bill of rights for retail workers, which the city's Board of Supervisors passed unanimously this week. More