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Graduate job market slowing
Tuesday, 12 February 2008
Graduate Job sector Reports
Competition among gradates is on the increase due to the recruitment market beginning to slow down.
Professional services firm Deloitte has recorded a 22 per cent increase in applications for its programme, which usually takes on some 1,400 graduates, with around ten applications for each position, reports the Financial Times.
Commenting on the substantial increase in applicants, Sarah Shillingford, graduate recruitment partner at Deloitte, said: "Economic uncertainty has led some graduate recruiters to reduce the number of jobs they have available. This leads to greater demand for the roles on offer."
The company opened its application process three months earlier than usual and had already seen 2,400 applicants by October when it usually opens, says the report.
Deloitte noted that this year's graduates are dealing with a much harder job market than last year's graduates and this has led many to apply much earlier for available positions.
Deloitte saw revenues of $23.1 billion (£11.7 billion) in the fiscal year ending 31 May 2007.