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Graduate jobs being created across the eurozone

Published: Tuesday, 19 April 2011   Category: All Graduate job news

More graduate jobs in Europe might be available to UK university leavers as Eurozone job creation levels reach a three-and-a-half year high.

That is to be inferred from the latest Markit Flash Eurozone Composite Output Index, which tracks a number of economic growth factors across the continent and rose from 57.6 in March to 57.8 in April.

Backlogs of work increased at the slowest rate for four months, something that was attributed to increased employment levels.

Job creation rose at its fastest level since November 2007, with manufacturing and services enjoying particularly high levels of recruitment.

The former witnessed the strongest rate of job creation, despite the services sector enjoying its second-largest monthly increase in more than three years.

Commenting on the data, Chris Williamson, chief economist at Markit, said: "The euro area's economic growth surge continued into the second quarter. The April survey is consistent with GDP rising at a quarterly rate of 0.8%, the same buoyant pace as signalled for the first quarter."

He added that job creation was boosted by firms increasing their staff levels to cope with rising workloads.

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