Home Skip Navigation LinksNews News Story

<< back to previous page

Graduate job prospects are increasing according to ONS stats

Published: Tuesday, 28 February 2012   Category:

Graduate job prospects are increasing according to ONS stats

Graduates are on track for career success and are getting ahead of their unqualified counterparts, according to a study by the Office for National Statistics (ONS).

It was found that those with an undergraduate degree stand a greater chance of obtaining a graduate job at 24 compared to peers of the same age without the formal qualification.

The ONS revealed that just three years after graduation, only 5% of this of 24-year-old group were still searching for work.

This is a stark contrast to the picture for those who left school without GCSEs; they are likely to face a 13% unemployment rate at the same age.

The news come as graduates are set to face a potential bill of £53,000 at the end of their courses, due to the September rise in annual fees that could reach as much as £9,000 per year.

To bring the rate of graduate unemployment down significantly, some universities are setting up job-focused initiatives.

Teesside University has launched a job club with the motto of "inspiring success." It has been created, in part, to address soaring levels of unemployment in the North-East, which has the highest number of those out of work in the country.

Professor Eileen Martin, Deputy Vice-Chancellor (Learning & Student Experience), argues that universities have a responsibility to prepare graduates for employment: "It was apparent that the North-East had been particularly badly affected by the economic downturn so we took a long, hard look at what we were doing," she says. "We followed some of our students and found that despite doing all the right things, doing work experience and volunteering they still found themselves unemployed so we sent out a call to employers and 150 came back with projects they wanted graduates to develop for them."

The professor has worked with others to create a new 13-week internship programme for 50 of its recent graduates. They will spend four days each attached to an employer and spend the last day of the week at university in Middlesbrough. Fridays will see the graduates refining their job-hunting, presentation and interview skills, as well as discussing how to write CVs and market their experience to employers.

Do you feel that graduate job prospects are increasing? Does this apply to the sector you wish to enter?

news archives...

Email this page to a friend Facebook Twitter DZone It! Digg It! StumbleUpon Technorati Del.icio.us NewsVine Reddit Blinklist Add diigo bookmark