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Recession 'having unequal effect' across industry
Monday, 12 January 2009
Graduate Job sector Reports
The Construction Industry Council (CIC) says the current recession is "quite unique" as there is plenty of work around for those looking in the right places.
According to Graham Watts, chief executive of the CIC, worker demand remains high for major infrastructure projects such as the Olympic Games and the Crossrail project, comments which may encourage construction and engineering graduates especially.
"It's very much unlike the last recession when what was happening was that major projects the Channel Tunnel, by a very long way, the biggest of them were ending and there was nothing to absorb the labour and the people coming off those projects," he stated.
Mr Watts said that unlike previous periods of economic contraction, not all businesses and not all sectors were suffering, meaning that flexible graduates may still be able to find well-paid jobs.
The employment rate for people of working age in the UK was 74.2 per cent for the three months to October 2008, down 0.4 per cent both from the previous quarter and over the year.