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Graduate unemployment reaches 10-year high
Monday, 02 November 2009
All Graduate job news
Graduates entering the jobs market do so at the toughest time in over a decade, it has been claimed.
According to a recent report from the Higher Education Careers Services Unit (HECSU), graduate unemployment has reached a ten-year high of 44 per cent.
Meanwhile, almost one in ten summer 2008 graduates were still unemployed in January 2009, marking a 5.5 per cent year-on-year rise
Commenting on the figures, HECSU chief executive Mike Hill explained that it is only now that the full impact of the recession is filtering through to recruitment.
However, he did have some good news for those who do find work: "Despite unemployment increasing, for those who have found a job, salary levels are holding up."
Despite the tough graduate jobs market, UCAS has reported that applications from UK students have risen by 11 per cent year-on-year, which could mean competition becomes even more fierce in a few years.
Meanwhile, it has emerged that universities are to begin advertising potential future earnings for vocational courses.