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Employer opinions suggest positive outlook for graduates
Tuesday, 13 November 2007
Graduate Job sector Reports
Graduates entering the recruitment market look set to benefit after new figures revealed optimism amongst employers about both short and long term employment prospects.
The latest quarterly Labour Market Outlook, published by the Chartered Institute of Personnel and Development (CIPD) revealed the nearly nine out of ten employers surveyed expected to recruit staff this autumn.
At the same time, 46 per cent of those surveyed planned on recruiting to new positions in this quarter, the highest recorded level since spring 2005.
John Philpott, the CIPD's chief economist, said: "Despite the evident optimism in this quarter's survey it remains likely that the demand for labour will ease during the course of 2008 as the impact of recent interest rates rises and the aftermath of the credit crunch is felt throughout the economy.
"If recent experience is anything to go by, employers will adjust to weaker economic conditions by cutting back on recruitment rather than increase redundancies," he added.
Figures provided by the Association of Graduate Recruiters indicated that employers predicted a year-on-year increase of 15.1 per cent in recruitment to graduate careers over the course of 2007