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.
An annual federal government census found about 578,000 homeless individuals nationwide, down about 2% from last year. More
San Francisco-based Tumml is an accelerator fostering 'urban impact start-ups' that aim to tackle civic problems -- and turn a profit. More
Amy Kukec thought leaving her abusive husband would be the beginning of a new life, but so far she's hit one debilitating financial roadblock after another. More