Entry-Level Job Market Best in Three Years

Good news, college grads: The entry-level job market is the best it has been in three years -- but you may have to settle for less money and a position outside your preferred career path, a new report from Challenger, Gray & Christmas shows.

"There's lots of positive news out there, and we're finally seeing some significant job creation," says John Challenger, chief executive officer. But before you start daydreaming about the corner office, he adds one caveat: The job market isn't what it used to be, and it may not provide the "ideal job situation" for everyone.